BlastDEX (BD) is a cryptocurrency token built on the Blast blockchain, but calling it a functional crypto coin is misleading. As of March 2025, it has a circulating supply of zero - meaning no tokens are actively in user hands - yet it still trades on some exchanges. This isn’t a glitch. It’s a red flag.
Zero tokens in circulation, but prices still move
Most coins have real people holding them. Even the smallest tokens have at least a few hundred or thousand holders. BlastDEX doesn’t. According to Binance, CoinMarketCap, and Coinbase, the circulating supply of BD is exactly 0. That means no one owns any of the 1 billion tokens that were created. Yet, some exchanges list a price: around $0.000027 to $0.000035 per token. How is that possible?It’s not because people are buying and selling. It’s because data is broken. Kriptomat reports a trading volume of €1.62 in 24 hours, while Binance says it’s $0. CoinMarketCap doesn’t even rank it. The price you see isn’t based on real demand. It’s likely the result of automated bots, fake orders, or outdated price feeds clinging to an old high from months ago.
Think of it like a store that’s closed, but the sign still says “$5 for coffee.” No one’s buying. No one’s serving. But the price tag hasn’t come down. That’s BlastDEX.
It peaked at $0.0041 - now it’s down 99.35%
BlastDEX once hit an all-time high of $0.0041. That was months ago. Since then, it’s lost over 99% of its value. From February to March 2025, it dropped 28% in one month. In just 24 hours, it fell 17%. These aren’t normal market swings. This is a dying asset. When a token loses that much value so fast, and no one holds it, the only logical conclusion is that the project has been abandoned.There’s no roadmap. No updates. No developer activity on GitHub. No official website. No whitepaper. Even the Blast blockchain team doesn’t mention BD in their documentation. The token exists only as a line item on a few exchanges - not as a usable part of any ecosystem.
No one can buy it - and no one should try
Phemex, one of the larger crypto platforms, explicitly states: “BlastDEX (BD) is not currently available for direct purchase.” That’s not a temporary issue. It’s a permanent warning. If a major exchange won’t list it for direct trading, that’s because they know the risks.Trying to buy BD means going to obscure decentralized exchanges with tiny liquidity. Users who’ve tried report slippage of 30-50%. That means if you want to buy $100 worth of BD, you might end up paying $130-$150 because the price jumps so wildly between the time you click buy and the trade executes. That’s not volatility - that’s a trap.
Even if you somehow get the tokens, you can’t use them. There’s no DeFi protocol that accepts BD. No wallet supports it as a staking asset. No merchant takes it. It doesn’t even have a dedicated Telegram group or Discord server. The only online chatter is from bot accounts pushing fake “buy now” links.
Experts call it a high-risk ghost token
Crypto analysts don’t ignore this. Messari’s Ryan Wyatt called BD a token with “zero reported circulating supply but nonzero price” - a classic sign of an abandoned project or data error. CoinDesk labeled it as a “low-liquidity asset with disproportionate risk.” VanEck’s team gave it less than a 5% chance of surviving the next year.Why does this matter? Because tokens like this are often used in pump-and-dump schemes. Someone creates a token, lists it on a small exchange, buys it themselves to create fake volume, then lets the price rise a little. Once retail traders see the “rising price,” they jump in. Then the original holders sell everything. The price crashes. The circulating supply drops to zero. And the token becomes a ghost.
BlastDEX fits that pattern perfectly.
It’s not even on the radar of serious investors
You won’t find BlastDEX on any major index. Not Bloomberg’s Crypto Index. Not Bitwise’s ETF. Not even on CoinGecko’s top 10,000 tokens by relevance. It’s too small, too broken, too risky. Institutional investors avoid it. Hedge funds don’t track it. Even crypto-focused hedge funds with exposure to micro-cap tokens skip BD entirely.Compare it to Uniswap (UNI) or PancakeSwap (CAKE). Those tokens power real DeFi ecosystems. They have governance. Liquidity pools. Active developers. Community votes. BlastDEX has none of that. It’s just a token name with a price tag that doesn’t reflect reality.
What’s the real takeaway?
BlastDEX (BD) isn’t a crypto coin you can invest in. It’s not a project you can follow. It’s not even a token you can meaningfully trade. It’s a data anomaly - a digital ghost. The fact that it still shows up on some exchange lists doesn’t make it real. It just means someone hasn’t cleaned up the database yet.If you’re looking to get into the Blast blockchain ecosystem, focus on the native BLAST token. It’s the only one with active development, real usage, and transparent metrics. BD? Stay away. The only thing you’ll get from buying it is a loss - and possibly a warning from your wallet provider that you’ve interacted with a high-risk asset.
There’s no future in BlastDEX. There’s no community. No utility. No hope. Just a price chart that’s been dead for months - and a supply that’s vanished.