Tokens of NFT marketplace Blur have already amassed over $500 million in trading volume in less than 24 hours since their much-hyped airdrop.
Blockchain data shows there are over 33,000 unique wallet holders of blur as of Wednesday morning, with a majority of these initially receiving the airdrop before likely transferring the tokens out to other wallets.
Some traders sold the tokens en masse after receiving the airdrop. The tokens were initially listed at $1 on crypto exchange Coinbase, but fell to as low as 48 cents late on Tuesday. However, Asian hours on Wednesday saw buying pressure and the tokens rose to 72 cents as of writing time.
CoinGecko data shows over $530 million worth of blur has been traded across exchanges such as OKX, Kucoin and Uniswap.
(By Shaurya Malwa)
Get the latest news here: Cointime channel — https://t.me/cointime_en
All Comments