The Blur non-fungible token (NFT) marketplace launched its native tokens this week, and users who received a token allocation received a “care package” The Blur token began trading at noon on February 14, hitting a high of $5.02 per token. However, the coin has since fallen more than 85% against the U.S. dollar.
The launch of the BLUR token saw an 85% drop on its first day of trading
On Tuesday, February 14, 2023, Valentine’s Day, the NFT marketplace Blur announced the launch and airdrop of its tokens; Blur announced that users who traded on the competing NFT market, users who listed NFTs on the Blur marketplace, Blur distributed “care packages” to users who participated in the marketplace bidding according to theallocation cycle.
“It’s time for BLUR,” Markettweeted the day before.” Care packages can be opened on February 14 at 12PM EST, 1AM HKG, 6PM CET. Make sure tomorrow’s launch announcement is from the official Blur.io account and double check all URLs before claiming.”
BLURbegins trading, Kucoin is the most active exchange on Tuesday, with the most active trading pair being BLUR/USDT. As of 2:05 p.m. ET, BLUR had a market capitalization of about $176 million and global trading volume of about $12 million. At 2:10 p.m., BLUR had fallen to $0.458 per coin, with statistics showing 360,000,000 BLUR tokens in circulation.
As of 2:10 p.m. ET on Tuesday, there were 8,798 unique addresses holding BLUR tokens and approximately 18,900 transfers were made.The Blur market has emerged as the top NFT market in recent months, competing with the largest NFT market, Opensea
However, another competing NFT market, Looksrare, also drew attention with an airdrop of tokens in that market called LOOKS, but volume has since calmed down. At 2:33 p.m. Tuesday, BLUR rebounded, hitting the $0.602 per unit level.
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