The newest growth from the non-fungible token (NFT) market Blur has caught the crypto neighborhood’s consideration. A latest airdrop, “Blur Season 2,” has led to a major motion of BLUR tokens in the direction of numerous crypto exchanges.
BLUR Token Motion To Exchanges Signifies Market Shift
Based on Lookonchain, a famend on-chain analytics platform, roughly 307.6 million BLUR tokens, valued at roughly $97.5 million, had 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 energetic individuals on a specific blockchain or platform, on this case, Blur NFT market.
This latest 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 resembling ‘airdrop.’
The information offered by Lookonchain reveals intriguing patterns of BLUR token distribution and trade 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 trade OKX.
Observe that *深大高财生.eth deposited all 4.67M $BLUR ($1.5M) acquired 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 pattern 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 Impression And Future Prospects
Blur’s affect within the NFT market has been rising steadily. The platform not too long ago introduced its place because the primary Ethereum NFT market protocol through 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 mean 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 just isn’t 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 achieved 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 assist from distinguished backers like Paradigm and Customary Crypto – guarantees to distribute rewards equally between NFT merchants and BLUR holders.
This strategic transfer might doubtlessly improve the liquidity and accessibility of BLUR tokens, fostering a extra inclusive and optimistic setting for merchants and buyers.
Amid the heightened buying and selling exercise following the airdrop, the BLUR token has skilled a major surge, rising almost 10% up to now 24 hours.
On the time of writing, BLUR trades at $0.37. This uptrend extends past worth appreciation, with the token’s day by day buying and selling quantity witnessing a notable improve. It at the moment stands at roughly $240 million, a considerable rise from the $76 million seen originally of final week.
Featured picture from iStock, Chart from TradingView
