The native token of the NFT marketplace Blur has undergone a remarkable surge, doubling in value over the last three days and reaching $0.63. This surge is attributed to a successful airdrop and the listing of the token on Binance.
Over the past month, the token’s value has surged by 150%. The recently concluded Season 2 rewards program, designed to encourage platform usage, distributed a total of 269 million tokens (equivalent to $169 million) among 43,000 users, as per the Dune dashboard.
Remarkably, 87% of the total tokens allocated for the claim have already been obtained, with considerable amounts being acquired by individual users, such as hanwe.eth with $11 million and Machi Big Brother with $3.8 million.
The announcement of Blur’s listing on Binance further propelled the token’s rapid ascent. Additionally, the Blur team unveiled plans for Season 3, where staking Blur tokens will earn users points determining their Redacted token allocation from the upcoming Blast network. This initiative has spurred a surge in token staking.
This trend aligns with the broader crypto space, where tokens like Celestia (TIA) and Pyth Network (Pyth) experienced notable price hikes following successful airdrops. As the Blur ecosystem expands, the platform’s unique incentives and strategic partnerships contribute to its increasing popularity and market value.
Also Read: Blur Jumps Nearly 30% Within Days While OpenSea Layoffs
