The most recent improvement from the non-fungible token (NFT) market Blur has caught the crypto neighborhood’s consideration. A current airdrop, “Blur Season 2,” has led to a major motion of BLUR tokens in the direction of varied crypto exchanges.
BLUR Token Motion To Exchanges Signifies Market Shift
In line with Lookonchain, a famend on-chain analytics platform, roughly 307.6 million BLUR tokens, valued at roughly $97.5 million, have been claimed on this airdrop.
An airdrop within the context of crypto is a technique of distributing free tokens or cash as a reward to lively members on a particular blockchain or platform, on this case, Blur NFT marketplace.
This current declare of BLUR tokens has sparked notable exercise within the crypto exchanges, reflecting the rising curiosity and motion throughout the digital asset market, particularly with incentives corresponding to ‘airdrop.’
The info supplied by Lookonchain reveals intriguing patterns of BLUR token distribution and alternate deposits. Among the many a number of notable transactions, one person recognized as 深大高财生.eth reportedly deposited a hefty sum of 4.67 million BLUR, valued at $1.5 million, into the crypto alternate OKX.
Observe that *深大高财生.eth deposited all 4.67M $BLUR ($1.5M) obtained from the airdrop into #OKX simply now.https://t.co/Q3KwyFBZVn pic.twitter.com/uxOtDYtKdH
— Lookonchain (@lookonchain) November 21, 2023
That is only a glimpse of the bigger development the place vital quantities of BLUR tokens are being transferred to exchanges, indicating a possible shift available in the market dynamics surrounding this digital asset.
Blur’s Affect And Future Prospects
Blur’s affect within the NFT market has been rising steadily. The platform just lately announced its place because the primary Ethereum NFT market protocol throughout the Season 2 airdrop.
This declare is supported by statistics from {the marketplace}: a buying and selling quantity that reached $6.1 billion, a person base comprising 260,165 distinctive customers, and a median market share of 65%. These figures underline Blur’s success and spotlight the exercise and excessive stakes concerned within the NFT market.
Trying forward, Blur shouldn’t be resting on its laurels. The extra announcement of the “Season 3” airdrop is already making a buzz within the crypto neighborhood.
With the tip of the season, we now begin Season 3, with new rewards for each NFT merchants and $BLUR holders. However first, a recap of what the Blur neighborhood completed in Season 2. pic.twitter.com/fSPgwYB9CU
— Blur (@blur_io) November 21, 2023
This new part, powered by Blast community – a Layer 2 community with native yield help from distinguished backers like Paradigm and Normal Crypto – guarantees to distribute rewards equally between NFT merchants and BLUR holders.
This strategic transfer may doubtlessly enhance the liquidity and accessibility of BLUR tokens, fostering a extra inclusive and optimistic atmosphere for merchants and buyers.
Amid the heightened buying and selling exercise following the airdrop, the BLUR token has skilled a major surge, rising practically 10% up to now 24 hours.
On the time of writing, BLUR trades at $0.37. This uptrend extends past value appreciation, with the token’s every day buying and selling quantity witnessing a notable improve. It presently stands at roughly $240 million, a considerable rise from the $76 million seen firstly of final week.
Featured picture from iStock, Chart from TradingView