Today, the BLUR airdrop became a hot topic in the crypto market. Originally scheduled for 1:00 AM, the airdrop was delayed until 2:30 AM by the official team. Despite the delay, the massive airdrop reignited trader enthusiasm, with wealth creation stories capturing widespread attention.
According to OKX market data, BLUR Token peaked at $8.36 upon listing and has since stabilized around $0.60 at the time of writing.
Blur positions itself as a "marketplace for professional traders," securing $11 million in funding led by Paradigm in March 2022. Like other platforms leveraging airdrops to attract users, Blur’s airdrop spurred significant trading activity, allowing participants to cash in on potential gains today.
Record-Breaking Airdrop Rewards and Wash Trading Concerns
On Twitter, user Keungz showcased their airdrop earnings—610,000 BLUR (~$360,000 at current prices). However, this pales compared to the top recipient: address **0xD5eE...** claimed over 3.2 million BLUR (~$19.2 million). Two other addresses followed closely, claiming 2.97 million and 2.5 million BLUR, respectively.
Chain analysis revealed intriguing patterns:
- The top three addresses engaged in frequent interactions, suggesting linked ownership.
- Example: Otherside #81212 was bought six times by 0xD5eE in 21 days, indicative of wash trading.
Dune Analytics data shows ~13% of Blur trades were flagged as suspicious, versus 2% on OpenSea. While the wealth effect is undeniable, 80% of recipients claimed under 10,000 BLUR, with a third receiving fewer than 1,000 tokens.
So far, 40,585 addresses have claimed 273 million BLUR (76% of the airdrop). The surge caused Ethereum gas fees to spike above 2,000 Gwei before normalizing after two hours.
Blur Overtakes OpenSea in Market Share Amid Funding Rumors
Launched in October 2022, Blur rapidly captured significant NFT market share. The Block Research reports it as January’s highest-volume NFT marketplace. NFTgo data shows Blur’s three-month trading volume surpassing OpenSea, though post-airdrop sustainability remains uncertain.
Blur’s official response to wash trading claims:
- $1.2 billion in legitimate trading volume.
- 146,823 active users.
Rumors suggest Blur is raising funds at a $1 billion valuation. At $0.60 per token, BLUR’s circulating market cap is $216 million, with an FDV of $1.8 billion.
Tokenomics Breakdown
- Total Supply: 30 billion BLUR.
- Airdrop 1: 360 million (12% of supply).
Future Allocations:
- 51% to community (distributed over 4 years).
- 29% to core contributors (4-year vesting).
- 19% to investors (4-year vesting).
- 1% to advisors (4–5-year vesting).
Upcoming Airdrops: What to Expect
- Airdrop 2: Rewards active NFT listing (until November 2023).
- Airdrop 3: Targets users placing bids (estimated 1–2x larger than Airdrop 2).
By November 2023, Blur’s community treasury will receive an additional 351 million BLUR, potentially fueling another airdrop frenzy.
👉 Stay updated on BLUR’s latest developments
FAQ Section
Q: How do I qualify for Blur’s upcoming airdrops?
A: Participate actively by listing NFTs (Airdrop 2) or placing bids (Airdrop 3).
Q: What’s Blur’s competitive edge over OpenSea?
A: Lower fees, faster transactions, and targeted incentives for professional traders.
Q: Are wash trades inflating Blur’s volume?
A: While ~13% of trades are suspicious, Blur reports $1.2 billion in legitimate activity.
Q: When will the next airdrop occur?
A: Airdrop 2 runs until November 2023; Airdrop 3 dates are TBA.
Disclaimer: This content is for informational purposes only. Always conduct independent research and exercise caution when participating in airdrops or token investments.