Blum reveals $BLUM token snapshot and airdrop criteria ahead of June 7, 2025, launch. Amid founder scandal and falling volume, can this Telegram DEX regain momentum?

After more than a year of development, Blum, the Telegram-based mini app that once boasted 42 million monthly users, has finally revealed critical details about its upcoming airdrop and token launch.

The team confirmed that the long-awaited snapshot to determine Blum airdrop eligibility will occur on June 7, 2025, at 00:00 UTC, marking a pivotal moment in the project’s evolution from a “tap-to-earn” gimmick to a more utility-focused decentralized exchange (DEX) on the TON ecosystem.

Snapshot and Airdrop Criteria: What Users Need to Know

The June 7 snapshot will lock in user balances and platform activity, forming the basis for $BLUM airdrop allocations. To qualify, users must meet at least one of the following three criteria:

1. Hold over 100,000 Blum Points (BP)

2. Earn 750 or more Meme Points (MP) or provide proof of meaningful engagement

3. Refer at least two new users and pass a Sybil check to prevent fraud

These conditions have sparked debate within the community. Some long-time users who consistently engaged with the app but failed to meet technical thresholds have voiced frustration.

For example, one user shared on X that they were disqualified despite maintaining a 67-day login streak.

Others have criticized the Meme Points requirement as particularly unfair to early supporters.

In response, the Blum team has reiterated the importance of anti-Sybil mechanisms to ensure fair distribution and avoid manipulation. These measures include:

1. Bot and script detection

2. Behavior-based activity screening

3. Detection of multi-account setups

4. Cross-referencing known Sybil wallets

The Blum Airdrop Checker is now live, giving users a final chance to validate their eligibility before the June 7 snapshot.

Tokenomics and Trading Potential: What We Know So Far

Although the snapshot date and eligibility criteria are clear, Blum has yet to release full tokenomics, including details like the circulating supply, vesting periods, or ecosystem incentives. What is known:

1. Maximum supply: 100 billion $BLUM tokens

2. Pre-market price: Currently around $0.0015, down 90% from its early 2025 high

3. Current trading volume: Oscillating between $0.0014 and $0.0020, showing mild activity ahead of the airdrop

Blum’s trading volume has declined sharply, dropping from over $700,000 daily in February to just $6,000 in June, according to Dune Analytics.

This stagnation raises concerns about the project’s ability to attract meaningful liquidity and trader interest in the DEX space, where competition is already fierce.

A Rocky Road: Leadership Scandal and Declining Metrics

The announcement of the airdrop comes amid turbulence for the Blum team. In mid-May, co-founder Vladimir Smerkis was arrested on fraud-related charges, casting a shadow over the project’s credibility. In a public statement, the team acknowledged the challenge:

“Despite recent challenges following Vladimir Smerkis’ departure, we remain incredibly confident in Blum’s proposition and ability to deliver outstanding value and returns.”

Community trust has undeniably taken a hit. Rebuilding this confidence will likely depend on how smoothly the token launch proceeds and whether the team follows through on promised exchange listings and technical milestones.

Blum Listing Expectations and Price Forecast

While no official listing date has been confirmed, analysts tracking the project suggest a Token Generation Event (TGE) and exchange debut between June 24–28, 2025. The project’s Telegram-centric approach, combined with its TON ecosystem integration, suggests that both DEX and CEX listings are likely.

If listed on these major platforms, $BLUM could open trading between $0.050 and $0.50, depending on investor sentiment and market dynamics at launch.

In a bullish scenario with high engagement and effective marketing, some optimistic analysts suggest $BLUM could climb as high as $10 later in the year, though this should be treated as speculative.

In the short term, if the price holds near $0.0015 and excitement around the airdrop continues, it could rally to between $0.0025–$0.0030 post-snapshot.

Conclusion: The Final Countdown to June 7

With the snapshot deadline fast approaching, users have only a limited window to boost their engagement, refer new users, or increase their point totals to secure eligibility for the $BLUM airdrop.

While the long-term viability of Blum remains in question due to leadership challenges and dwindling trading volume, the upcoming token launch presents a major inflection point.

What happens next, including tokenomics clarity, exchange listings, and user response, will determine whether Blum can recapture some of the hype that once made it a breakout star on Telegram.

Key Dates:

1. Snapshot: June 7, 2025 (00:00 UTC)

2. Estimated Listing: June 24–28, 2025

3. Current Price Range: $0.0014–$0.0020

4. Potential Launch Price: $0.050–$0.50 (speculative)

For now, all eyes are on the snapshot and airdrop, but the real test will come after $BLUM begins trading.

To stay updated on Blum airdrop update information and other rising crypto stars by reading expert insights and the latest market news on the Bitrue Blog.

This press release has also been published on VRITIMES