[BitMEX Announces Shutdown, Triggering a 95% Crash in BMEX; Bubblemaps Reveals 75% of Token Allocation Never Circulated On-Chain] Blockchain data analytics platform Bubblemaps posted that following BitMEX's announcement of its shutdown, the price of its platform token BMEX has plummeted, now down approximately 95% from previous levels. According to BitMEX's publicly disclosed tokenomics model, about 75% of the total BMEX supply was originally planned for employee incentives, ecosystem development, and long-term reserves, but these tokens were never distributed on-chain. Data shows that in 2021, approximately 92% of the BMEX supply was locked in vesting contracts, while the remaining 8% was allocated at the time of the token's launch, including: 5% for airdrops and 3% for product and liquidity support. Previously, each allocation category corresponded to independent addresses designated to receive future unlocked tokens.