Blum Co Founder Arrested: $BLUM Listing Date and Price at Risk

Blum Co-Founder’s Arrest Casts Uncertainty Over $BLUM Token Launch

Blum, a prominent tap-to-earn cryptocurrency platform, is facing significant challenges following the arrest of its co-founder, Vladimir Smerkis, in Moscow. This development has raised concerns about the platform's future and the anticipated launch of its native token, $BLUM.

Arrest of Vladimir Smerkis

On May 2025, the Zamoskvoretsky District Court in Moscow ordered the arrest of Vladimir Smerkis, co-founder and former Chief Marketing Officer of Blum. While the court has not disclosed specific details, Smerkis is reportedly under investigation for fraud-related charges. Prior to his involvement with Blum, Smerkis served as the head of Binance’s Commonwealth of Independent States (CIS) division.

Source: X

In response to the arrest, Blum's official X (formerly Twitter) account, which boasts over 5.3 million followers, issued a statement clarifying that Smerkis had stepped down from all development and leadership roles within the company. The statement aimed to reassure users and maintain transparency amid growing concerns.

Impact on $BLUM Token Launch

Blum had initially planned to launch its $BLUM token in the first quarter of 2025. However, the launch was postponed to the second quarter, with the latest roadmap updates indicating a potential shift to the third quarter of 2025. The arrest of Smerkis has further fueled speculation about additional delays and the overall reliability of the project.

Despite these challenges, Blum has not officially announced a new listing date. The community remains hopeful, with some speculating that the launch could coincide with the anniversary of Hamster Kombat's token listing on September 26, 2024. However, this remains unconfirmed, and the platform's silence on the matter has led to increased skepticism among users.

Community Frustration and Trust Issues

Blum's decision to introduce a second season of its tap-to-earn feature, instead of providing a clear timeline for the Token Generation Event (TGE), has been met with frustration from the community. Many users, who have invested time and effort into the platform, feel that their expectations are being disregarded. The lack of transparent communication has led to a decline in trust and confidence in the project's leadership.

Airdrop Criteria and Roadmap Updates

In an effort to maintain user engagement, Blum has released updated criteria for its upcoming airdrop, scheduled for the second and third quarters of 2025. To qualify, users must:

• Accumulate at least 100,000 Blum Points (BP)

• Earn a minimum of 750 Meme Points (MP) or complete Proof of Activity (PoA)

• Refer at least two new users to the platform

These criteria aim to reward active and engaged members of the Blum community.

Additionally, Blum's roadmap for Q2 and Q3 2025 includes several enhancements:

• Integration of AI-powered trading tools

• Expansion to web and mobile platforms

• Multi-chain support, including Solana and BNB Chain

• Introduction of semi-custody wallets and advanced trading terminals

• Launch of a decentralized exchange (DEX) with token listings

These developments are designed to improve the platform's functionality and user experience.

Source: X

Price Predictions and Market Outlook

While there is no official listing price for $BLUM, comparisons to similar projects suggest a potential range. Hamster Kombat, for instance, launched its token at $0.006, which rose to $0.01004 before stabilizing at around $0.00225. Given Blum's substantial user base of over 90 million and its innovative features, analysts predict that $BLUM could debut between $0.005 and $0.008. However, market sentiment, exchange listings, and the platform's ability to navigate current challenges will significantly influence the token's performance.

Conclusion

The arrest of Vladimir Smerkis has undoubtedly cast a shadow over Blum's operations and the anticipated launch of the $BLUM token. While the platform continues to develop and expand its offerings, the lack of clear communication and unresolved leadership issues have led to growing uncertainty within the community. As the crypto market awaits further updates, the future of Blum and its native token remains uncertain.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

 Check out other news and articles on Google News

Disclaimer:

The articles published on hokanews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.

hokanews is not responsible for any losses or damages that may arise from the use of information provided on this site. Investment decisions should be based on thorough research and advice from qualified financial advisors. Information on HokaNews may change without notice, and we do not guarantee the accuracy or completeness of the content published.