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Trader Makes $12 Million Profits from Blur NFT Platform's Distribution of 300 Million Tokens to Users

Trader Makes $12 Million Profits from Blur NFT Platform’s Distribution of 300 Million Tokens to Users

Blur’s Massive Airdrop Rewards Trader with $12.1 Million

The popular NFT marketplace Blur recently concluded an end-of-season airdrop, distributing 300 million reward tokens worth around $160 million to traders on its platform. One trader, known as “hanwe.eth,” walked away with a staggering $12.1 million from the token giveaway.

Blur Airdrop Rewards Big Spenders in Season 2 NFT Trading Frenzy

Blur has allocated 300 million tokens so far, with 38,000 addresses claiming their share of 267 million tokens. While some users expressed dissatisfaction with their rewards, “hanwe.eth” scored big with 22,851,000 BLUR tokens valued at approximately $12.1 million.

Blur’s Growth and OpenSea’s Response

This season’s airdrop comes after Blur overtook OpenSea as the top NFT marketplace by Ether trading volume. Blur’s success prompted OpenSea to remove NFT royalty fees to stay competitive.

Not All Recipients Satisfied

Despite benefiting from Blur’s rewards program, not all recipients are happy with the amount they received. NFT whale Machi Big Brother voiced frustration after receiving $2.9 million worth of tokens. Prior to the airdrop, Machi Big Brother engaged in rapid buying and selling of NFTs, leading to speculation about wash trades and profiting from seasonal rewards.

Hot Take: Trader Cashes In $12M as Blur NFT Platform Airdrops 300M Tokens to Users

The recent airdrop by Blur’s NFT platform resulted in one trader winning big with a $12.1 million prize. Despite some dissatisfaction among recipients, the airdrop showcased the potential for substantial rewards in the NFT trading frenzy. Blur’s growth as a top NFT marketplace has forced competitors like OpenSea to make adjustments to stay competitive. While not all traders may be satisfied with their rewards, this massive haul highlights the lucrative nature of participating in airdrops and engaging in NFT trading on platforms like Blur.

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Trader Makes $12 Million Profits from Blur NFT Platform's Distribution of 300 Million Tokens to Users