BLUR Token Airdrop Leads to Massive Accumulation
The native token of NFT Marketplace Blur, BLUR, has witnessed a significant accumulation in one of the largest Airdrops ever. According to Lookonchain data, the top recipient of Season 2 airdrop, Hanwe.eth, deposited $6.2 million in BLUR to Bybit and Coinbase. This follows their complete deposit of 22.85 million BLUR from the airdrop, which is expected to yield around $12.3 million after selling. Blur uses end-of-season airdrops as an incentive for traders to use its platform.
Over 276 Million BLUR Tokens Already Claimed
Approximately 38,000 addresses have already claimed their BLUR tokens, totaling 267 million tokens. Some users received millions of tokens while others received only a handful of profits, indicating an increasing accumulation of BLUR among investors. SigilFund, a user on Blur, sold their BLUR tokens to acquire LDO and IMX, making significant deposits and subsequent withdrawals.
Blur Surpasses OpenSea in Ether Trading Volume
According to DappRadar, Blur surpassed OpenSea in daily Ether trading volume earlier this year. In response, OpenSea introduced a 0% fee structure to regain its user base from new competition. This highlights the growing popularity and success of Blur as an NFT trading platform.
BLUR Token Sees Impressive Growth
Prior to Binance’s announcement about listing the asset, BLUR experienced significant double-digit growth. Despite the NFT dump, BLUR is currently trading at $0.621322 with a 24-hour trading volume of $47 million. This reflects an 18.48% price increase in the previous 24 hours and a 97.26% price increase in the last 7 days. BLUR has a market valuation of $68 million and a circulation supply of 1.1 billion tokens.
Hot Take: BLUR Token Airdrop and Listing on Binance Fuel Growth
The massive accumulation of BLUR tokens through its airdrop, along with the announcement of its listing on Binance, has contributed to the impressive growth of the token. Traders and investors have been enticed by Blur’s incentives, leading to increased usage of the NFT trading platform. As Blur continues to surpass competitors like OpenSea in trading volume, it solidifies its position as a leading player in the NFT market. With its current price surge, BLUR has caught the attention of crypto enthusiasts and is poised for further growth and success in the future.
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