The Blur non-fungible token (NFT) marketplace released its native token today, and users who were granted token allocations got “care plans.” Blur tokens started trading at midday on Feb. 14, reaching a high of $5.02 per token. However, the coin has actually considering that dropped more than 85% versus the U.S. dollar.
BLUR Token Launch Records an 85% Drop on Its First Day of Trading
On Tuesday, Feb. 14, 2023, which is Valentine’s Day, the NFT marketplace Blur revealed the launch of its token and airdrop. Blur distributed “care plans” to users who performed trades on a completing NFT market, noted NFTs on the Blur marketplace, and those who took part in Blur market bidding, according to the allotment cycles.
“It’s time for BLUR,” the marketplace tweeted the day prior. “Care Packages can be opened on Feb 14 at 12PM EST, 1AM HKG, 6PM CET. Make sure the launch statement originates from our authorities Blur.io account tomorrow and check all URLs prior to declaring.”
BLUR has actually begun trading, with Kucoin being the most active exchange on Tuesday, and the most active trading set being BLUR/USDT. As of 2:05 p.m. (ET), BLUR had a market capitalization of around $176 million, with a worldwide trade volume of about $12 million. At 2:10 p.m., BLUR dropped to $0.458 per coin, and data suggest that there are 360,000,000 BLUR tokens in blood circulation.
As of 2:10 p.m. (ET) on Tuesday, there were 8,798 special addresses holding BLUR tokens, with around 18,900 transfers having actually occurred. The Blur marketplace has actually become a leading NFT market in current months, taking on Opensea, the biggest NFT market.
However, Looksrare, another completing NFT market, also gathered attention with an airdrop of its market’s token called appeal, however volumes have actually diminished ever since. By 2:33 p.m. on Tuesday, BLUR rebounded and struck the $0.602 per system variety.
What are your ideas on the current BLUR token launch? Share your views on this topic in the comments area below.
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