- Following their widely publicized airdrop, Blur tokens have amassed over $500 million in trading volume.
- As an airdrop, Blur marketplace users received BLUR tokens.
- This meant that certain users obtained up to 128,000 BLUR tokens, as per tweets.
Blur tokens have already amassed over $500 million in trading volume in much less than 24 hours following their widely publicized airdrop.
thanks for playing 😹🥂📉 https://t.co/4VgvuAq9oH pic.twitter.com/2fn86ioH9h— ♡ Charlotte Fang ♱ 金光 World Prince (@CharlotteFang77) February 14, 2023
Airdrops are the uninvited distribution of a cryptocurrency token or coin to a large number of wallet addresses, usually for free, and are frequently used as a user acquisition strategy.
Blur marketplace users received BLUR tokens, with the amount distributed determined by total activity, network volume, and transactions by each user on the system.
This meant that certain users obtained up to 128,000 BLUR tokens, as per tweets. Users received anywhere from 25 BLUR to hundreds of thousands of BLUR, based on the blockchain tool Etherscan.
As of Wednesday morning, there have been over 33,000 distinctive blur wallet holders, with the vast majority of these receiving the airdrop before transmitting the tokens to certain other wallets.
Following the airdrop, a significant number of tokens were sold by traders. On the cryptocurrency exchange Coinbase, the tokens were initially priced at $1 but fell as low as 48 cents late Tuesday. Nonetheless, the tokens rose to 72 cents at the time of writing during Asian hours on Wednesday.
As per CoinGecko data, more than $530 million in blur has indeed been traded on platforms including OKX, Uniswap, and Kucoin. Meanwhile, the total value of tokens on the Blur marketplace has risen by $10 million in the last 24 hours, as per DeFiLlama data.