BLUR Accumulation Surges After Binance Listing, Price Jumps 97%

24 thg 11, 2023

BLUR soars after Binance listing, fueled by strategic deposits, reallocations, and a successful airdrop, maintaining strong market figures. In one of the largest Airdrops ever, BLUR the native token of NFT Marketplace Blur has seen massive accumulation summing up to hundreds of millions.

As per Lookonchain data, Hanwe.eth, the top recipient of Season 2 airdrop, deposited $6.2 million in BBLUR to Bybit and Coinbase. This follows hanwe.eth’s complete deposit of 22.85 million BBLUR from the airdrop, is expected to yield around $12.3 million after selling.

Blur’s end-of-season airdrop is one of the techniques it uses to entice traders to use its platform. At the end of each season, Blur pays those who traded NFTs on the site.

276 Million 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.

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.

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.