NFT Marketplace Blur Launches Native Token, BLUR Price Drops 85% in a Matter of Hours – Markets and Prices Bitcoin News

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The Blur non-fungible token (NFT) market launched its native token this week, and customers who have been awarded token allotments obtained “care packages.” Blur tokens started buying and selling at midday on Feb. 14, reaching a excessive of $5.02 per token. Nevertheless, the coin has since dropped greater than 85% in opposition to the U.S. greenback.

BLUR Token Launch Data an 85% Drop on Its First Day of Buying and selling

On Tuesday, Feb. 14, 2023, which is Valentine’s Day, the NFT market Blur introduced the launch of its token and airdrop. Blur gave away “care packages” to customers who performed trades on a competing NFT market, listed NFTs on the Blur market, and people who participated in Blur market bidding, in line with the allotment cycles.

“It’s time for BLUR,” the market tweeted the day prior. “Care Packages may be opened on Feb 14 at 12PM EST, 1AM HKG, 6PM CET. Ensure the launch announcement comes from our official Blur.io account tomorrow and double verify all URLs earlier than claiming.”

NFT Marketplace Blur Launches Native Token, BLUR Price Drops 85% in a Matter of Hours
BLUR/USD at 2:33 p.m. (ET).

BLUR has began buying and selling, with Kucoin being essentially the most energetic alternate on Tuesday, and essentially the most energetic buying and selling pair being BLUR/USDT. As of two:05 p.m. (ET), BLUR had a market capitalization of roughly $176 million, with a world commerce quantity of about $12 million. At 2:10 p.m., BLUR dropped to $0.458 per coin, and statistics point out that there are 360,000,000 BLUR tokens in circulation.

As of two:10 p.m. (ET) on Tuesday, there have been 8,798 distinctive addresses holding BLUR tokens, with roughly 18,900 transfers having taken place. The Blur market has emerged as a high NFT market in latest months, competing with Opensea, the most important NFT market.

Nevertheless, Looksrare, one other competing NFT market, additionally garnered consideration with an airdrop of its market’s token known as LOOKS, however volumes have subsided since then. By 2:33 p.m. on Tuesday, BLUR rebounded and hit the $0.602 per unit vary.

Tags on this story
Airdrop, art collectors, Blockchain, Blur, Blur NFT, Blur NFT Market, Blur NFT Marketplace, BLUR/USDT, crypto market, Cryptocurrency, cryptocurrency investment, Decentralized, Digital Art, digital ownership, ERC-721, Global Trade, KuCoin, LOOKS, looksrare, Market Capitalization, Marketplace, nft, Non-fungible Token, Opensea, Smart Contract, token launch, trade volume, trading, transfers, Unique addresses, virtual assets, volatility

What are your ideas on the latest BLUR token launch? Share your views on this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising at present.




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