On November 24 at 11:00 Kyiv time (12:00 Moscow time), the Binance crypto exchange opened trading in the NFT marketplace token Blur (BLUR) paired with Bitcoin, USDT and the Turkish lira.
#Binance will list @blur_io $BLUR with Seed Tag applied.
➡️ https://t.co/Luno3JbCC8 pic.twitter.com/G9qSkUECSV
— Binance (@binance) November 24, 2023
Withdrawal of the asset will become available on the morning of November 25. The platform assigned BLUR the Seed Tag, which means a new project from the “Innovation Zone” and implies risks of high volatility.
The coin has been showing strong growth over the past month, jumping from $0.16 in mid-October to $0.62 at the time of writing, according to CoinGecko. The weekly increase in BLUR quotes amounted to 88%.
The asset also reacted to the news of its listing on Binance by soaring in price, accompanied by an increase in trading volume.
The positive dynamics of BLUR may be associated with the excitement around the second season of the marketplace airdrop, which ended on November 21.
Season 2 is COMPLETE
NFT traders on Blur and Creators are eligible for the Season 2 airdrop.
You have 45 days to claim your $BLUR ⏰ pic.twitter.com/HrNtpt2t5z
— Blur (@blur_io) November 21, 2023
Lookonchain analysts noted that after the coin distribution, 19 addresses bought a total of 51.3 million BLUR (~$21 million).
BLUR is pumping after the Season 2 #airdrop!
19 addresses bought a total of 51.3M $BLUR($21M) after the Season 2 #airdrop. pic.twitter.com/hvgByltM5I
— Lookonchain (@lookonchain) November 22, 2023
In addition, the price of the asset could be affected by the launch of the L2 native yield project Blast from the developers of the NFT platform. Within a few days, the total value of assets blocked in the protocol reached $373 million. Blur’s figure is only $100 million.
In early November, the coin grew by 33% after the news that rival marketplace OpenSea was laying off half of its staff.
In May, Blur, with the participation of developer Dan Robinson from Web3 company Paradigm, launched the NFT lending protocol Blend.
Source: Cryptocurrency
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