The Price of Blur Token Doubles Following Airdrop and Binance Listing
The native token of NFT marketplace Blur, called BLUR, has seen its price double in the past three days. This surge in price is attributed to the recent airdrop and the token being listed on Binance. Starting at $0.31 on November 21, the token’s current price is $0.63, representing a 150% increase over the past month.
Blur’s Season 2 Rewards Program and Airdrop
Blur recently concluded its Season 2 rewards program, which aimed to incentivize platform usage. The airdrop rewarded users who traded on the Blur marketplace between May and November, with token allocation based on trading volumes and holding duration. Users have a 45-day window to claim their tokens, and so far, 43,000 users have claimed 269 million tokens (worth $169 million), accounting for 87% of the total claimable tokens.
Notable Token Claims and Binance Listing
Among the token claimants, three users received over 10 million tokens each, with one user named hanwe.eth receiving 22 million tokens ($13 million). Another user known as Machi Big Brother claimed 6 million tokens ($3.8 million). Additionally, Binance recently announced the listing of Blur, resulting in an immediate increase in its price.
Staking and Future Plans
The Blur team also revealed that staking Blur tokens for Season 3 will earn users points that determine their allocation of Redacted tokens from Blast network in the future. This announcement has led to a significant increase in staking activity by users. The Redacted tokens will be airdropped at the end of Season 3.
Rise in Other Tokens Following Airdrops
Similar to Blur, other tokens like Celestia (TIA) and Pyth Network (PYTH) have also experienced price increases after their respective airdrops. Celestia’s price tripled following its token launch airdrop, while Pyth Network’s price rose by approximately 70% since its token launch airdrop on November 20.
Hot Take: BLUR Token Surges After Airdrop and Binance Listing
The BLUR token has seen a remarkable surge in value after its recent airdrop and listing on Binance. This demonstrates the strong demand and interest in the Blur platform and its native token. With the upcoming staking rewards program for Season 3 and the anticipation of Redacted token airdrops, it is expected that the value of BLUR will continue to rise. This success highlights the potential of a well-executed airdrop strategy in driving user engagement and market growth for cryptocurrency projects.
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