BLUR Soars Post Binance Listing, Sparks Accumulation Frenzy

In an unprecedented Airdrop event, BLUR, the native token of the NFT Marketplace Blur, has witnessed a substantial accumulation amounting to hundreds of millions.

According to Lookonchain data, Hanwe.eth, the top recipient of Season 2 airdrop, has transferred $6.2 million in $BLUR to both Bybit and Coinbase. This transaction follows hanwe.eth’s complete deposit of 22.85 million $BLUR from the airdrop, and it is anticipated to generate approximately $12.3 million after the subsequent sale.

Blur employs its end-of-season airdrop as a strategic method to attract traders to its platform. At the conclusion of each season, Blur compensates individuals who have engaged in NFT trading on their platform.

276 Mln BLUR Tokens Are Already Claimed

According to reports, approximately 38,000 addresses have already collected their BLUR tokens, totaling 267 million claimed tokens. Some got in millions while some came out with only a handful of profits, suggesting an increasing BLUR accumulation among the investors.

In another update, the user name SigilFund has reallocated its portfolio, opting to sell BLUR in favor of acquiring LDO and IMX. The fund executed a significant deposit of 1.55 million BLUR ($968K). SigilFund made subsequent withdrawals, including 807,799 IMX ($1.14 million) and 210,905 LDO ($540K).

However, the incentives are determined by the activities of users on the NFT trading platform. Blur allocated a total prize pool of 300 million tokens worth $146 million at current BLUR prices in the most recent airdrop.

According to DappRadar, Blur exceeded OpenSea in daily Ether trading volume earlier this year. On February 18, OpenSea was prompted to introduce a 0% price structure to reclaim its user base from new competition.

Also Read: KyberSwap Proposes 10% Bounty Following $50 Mln Hack

BLUR Token Jumps 97% Weekly

BLUR has seen significant double-digit growth in the week leading up to an announcement by Binance, the world’s largest cryptocurrency exchange, about listing the asset.

Previously, crypto aficionados lauded BLUR’s growth as “crazy,” as the project’s team just released 300 million tokens into circulation, bringing the project’s total circulating supply to more than 1.1 billion.

Despite the NFT dump, Blur (BLUR) was trading at $0.621322 with a 24-hour trading volume of $47 million. This reflects a price increase of 18.48% in the previous 24 hours and a price increase of 97.26% in the last 7 days. Blur has a market valuation of $68 million and a circulation supply of 1.1 billion BLUR.

Also Read: Binance To List Blur (BLUR) Token As BLUR Price Surges 30%