The Blur non-fungible token (NFT) marketplace introduced its native token today, and users who were granted token allocations gotten “care packages.” Blur tokens started trading at twelve noon on Feb. 14, reaching a high of $5.02 per token. However, the coin has actually because 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 packages” to users who carried out 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 announcement comes from our official account tomorrow and double check all URLs before 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 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 roughly $176 million, with a worldwide trade volume of about $12 million. At 2:10 p.m., BLUR dropped to $0.458 per coin, and stats suggest that there are 360,000,000 BLUR tokens in flow.

As of 2:10 p.m. (ET) on Tuesday, there were 8,798 distinct addresses holding BLUR tokens, with roughly 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, likewise amassed attention with an airdrop of its market’s token called aesthetics, however volumes have actually gone away ever since. By 2:33 p.m. on Tuesday, BLUR rebounded and struck the $0.602 per system variety.

Tags in this story

Airdrop, art collectors, Blockchain, Blur, Blur NFT, Blur NFT Market, Blur NFT Marketplace, BLUR/USDT, crypto market, Cryptocurrency, cryptocurrency financial 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 possessions, volatility

What are your ideas on the current BLUR token launch? Share your views on this topic in the remarks area listed below.

Jamie Redman

Jamie Redman is the News Lead at News and a monetary tech reporter living in Florida. Redman has actually been an active member of the cryptocurrency community because 2011. He has a enthusiasm for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has actually composed more than 6,000 posts for News about the disruptive procedures emerging today.

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