NFT Marketplace Blur Launches Native Token, BLUR Price Drops 85% in Hours – Markets and Prices
The Blur marketplace for non-fungible tokens (NFT) rolled out its native token this week, and users who were awarded token grants received “care packages.” Blur tokens started trading at noon on February 14 and peaked at $5.02 per token. However, the coin has since fallen more than 85% against the US dollar.
BLUR Token Launch Sees an 85% Drop in First Day of Trading
On Tuesday, February 14, 2023, Valentine’s Day, NFT marketplace Blur announced the launch of its token and airdrop. Blur was giving away “care packages” to users who did business in a competing NFT marketplace, listed NFTs on the Blur marketplace, and those who participated in Blur marketplace offerings, the company said allocation cycles.
“It’s time for BLUR”, the market tweeted the day before. “Care Packages can be opened on February 14th at 12pm EST, 1am HKG, 6pm CET. Make sure the launch announcement is coming from our official Blur.io account tomorrow and verify all URLs before claiming.”
BLUR has started trading with Kucoin being the most active exchange and trading pair BLUR/USDT was. As of 2:05 p.m. ET, BLUR had one market capitalization of approximately US$176 million with a global trading volume of approximately US$12 million. At 2:10 p.m., BLUR fell to $0.458 per coin, and statistics show that there are 360,000,000 BLUR tokens in circulation.
As of 2:10 p.m. ET Tuesday, there were 8,798 unique addresses with BLUR tokens, with approximately 18,900 transfers taking place. The Blur marketplace has emerged as a top NFT marketplace in recent months, competing with Opensea, the largest NFT marketplace.
However, Looksrare, another competing NFT market, also attracted attention with an airdrop of its market’s token called LOOKS, but volumes have since declined. As of 2:33 p.m. Tuesday, BLUR recovered and reached the $0.602 per unit area.
What are your thoughts on the recent launch of the BLUR token? Do share your views on this topic in the comments section below.
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Source: Crypto News Deutsch
