Whales Flock to Accumulate BLUR Tokens
About 25 whales have joined in accumulating BLUR tokens, with a total value of over $32 million. They have also staked around 59.6 million BLUR tokens, taking advantage of the new staking feature introduced by the Blur NFT marketplace. In the last six hours alone, two whales have accumulated and staked a total of 6.79 million BLUR tokens. This surge in whale activity coincides with the successful launch of Blur’s L2 network, Blast, which has already reached a TVL of $300 million in just four days.
Significant Staking Activity and Token Distribution
According to Scopescan, approximately $204 million worth of BLUR tokens are currently staked, with only $88 million remaining unstaked. The average staking price is $0.342, offering an average return of 78%. Lookonchain reveals that the top 20 BLUR holders own nearly 94% of the total supply, which amounts to 2.81 billion tokens valued at $1.75 billion.
A total of 337.6 million BLUR tokens are currently staked, accounting for 11.25% of the total supply and 30.64% of the circulating supply. Traders are closely monitoring this trend as Blur has experienced nearly 100% upside since its listing on Binance.
BLUR Price Surges by 30%
Following its listing on Binance, the price of BLUR has surged by 20%, resulting in a total rally of 30% in just one day. Currently trading at $0.62, with a 24-hour high of $0.638, the BLUR price may experience volatility in the coming days. It is worth noting that despite the increase in trading volume by only 6% over the past 24 hours, the buying activity has been primarily driven by whales. This raises the possibility of top addresses selling their BLUR tokens in response to Binance’s listing.
Hot Take: Whales Flock to Blur Amid Airdrop and L2 Blast
Blur has caught the attention of the crypto community, particularly whales, due to its recent second airdrop and the successful launch of Blast, its Ethereum L2 network. With nearly 25 whales accumulating BLUR tokens and staking them on the Blur NFT marketplace, the price has witnessed a significant rally of 90% within a week. The surge in whale activity aligns with Blast’s TVL surpassing $300 million in just four days. As Blur gains more traction, it will be interesting to see how it performs in terms of price and market dominance.
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