Blur (BLUR) Surges 30%: Key Factors Behind the Pump

Observers highlight a noteworthy buying spree, with 19 addresses collectively acquiring 51.3 million BLUR tokens, equating to a remarkable $21 million investment in the asset. A Closer Look at Post-Airdrop Dynamics and Market Response A closer analysis of the technical charts reveals the dynamics behind this surge.

Timeline of Blur-token

The crypto prices today were mixed in the early trading session on Tuesday, November 7, as seen by the price fluctuations in many of the major cryptos. However, the broader market has shown resilience despite a decline in the Bitcoin price, suggesting that the investors might be shifting their focus on the altcoins.

Blur (BLUR) price went vertical on Wednesday, the native token of NFT marketplace Blur rising more than 35% in 24 hours to outpace top cryptocurrencies by market cap. At the time of writing, the price of BLUR was $0.228, its highest level since August.

OpenSea remains on the sidelines as Blur dominates NFTs trading volume on Ethereum. Although the general drop in interest has affected activity on Blur, its daily sales volume puts it ahead of OpenSea Across Ethereum-native NFTs marketplaces, Blur remains dominant as the NFT marketplace and aggregator, accounting for nearly 60% of all trading volume on the chain, Messari found in a new report.

BLUR has been on a significant bearish downward spiral for over a month. However, the launch of Blur's v2 marketplace could kickstart an uptick in trading volumes, which could translate to a bullish price reversal.

Blur (BLUR) is a cryptocurrency that got a lot of attention and popularity soon after it was released. However, according to recent data, 98.88% of BLUR holders are currently losing money.

In a significant development within the crypto community, the wallet address known as “0xD5eE” has made a noteworthy move by selling off a substantial amount of BLUR tokens. This wallet address had previously attracted attention due to its massive accumulation of BLUR tokens received through airdrops.

BLUR, the native token of the Blur NFT marketplace, saw a recent boost in its market price following a particular announcement. According to data by CoinMarketCap, BLUR has gained by 11.75% in the last 24 hours, emerging as one of the top gainers in today's market.

The native utility token of the top non-fungible token (NFT) marketplace Blur (BLUR) secured the top spot among the top 100 cryptocurrencies with a sudden hike in the past 24 hours. BLUR gained 22.

The altcoin growth momentum is mixed today as the broader cryptocurrency landscape is mixed with both positive and negative price trends. Of the altcoins making impressive moves today, Blur has taken an emphatic lead after soaring as high as 25% in what can be defined as its biggest price show over the past month.

In the whirlwind of the global crypto market, one significant event looms on the horizon for BLUR, a thriving digital token. A colossal 196 million BLUR, equivalent to approximately $62.3 million, is slated for release tomorrow, accounting for roughly 40% of its circulating supply.