BLUR Founder Addresses Concerns Over Security and Ponzi Scheme, BLUR Token Drops 13%

BLUR founder addressed concerns over the seemingly attractive yield for Blast adding that they are not unsustainable but just fundamental components of both on-chain and off-chain economies.

Timeline of Blur-token

The prior week's notable increase in options trading and derivatives activity made the market look positive. When the price of Bitcoin surpassed $38,000 and set a new record for 2023, buyer interest in the top altcoins increased.

The cryptocurrency market has experienced a remarkable surge this past week, with notable gains across various digital assets. Blur (BLUR) leads this week's pack with an impressive 81.84% increase in value.

According to Lookonchain data, Sigil, a fund in Gibraltar, has exited BLUR, one of this week's top-performing tokens, for Lido DAO's LDO, and IMX, the native token Immutable X–a layer-2 scaling solution primarily dedicated to NFT trading. Sigil Fund Sells BLUR For IMX And LDO On November 24, Lookonchain, a crypto analytics platform, noted that Sigil sold 1.55 million BLUR for 807,799 IMX, worth roughly $1.14 million, and 210,905 LDO, trading at $540,000, at spot rates.

A non-fungible token (NFT) marketplace is surging after being listed by the largest crypto exchange platform by volume in the world. In a new announcement, crypto exchange Binance says it is listing BLUR, the governance token of Altcoin Blur, a decentralized NFT marketplace that offers real-time price streams and comparisons.

Leading cryptocurrency exchange Binance has revealed plans to list Blur (BLUR) crypto. Further, the platform will open trading for spot pairs BLUR/BTC, BLUR/TRY, and BLUR/USDT in November 2024. Meanwhile, the development attracted crypto players, considering BLUR's recent remarkable price surges. Binance has opened deposits for BLUR tokens as users prepare to begin trading.

Blur grabs massive attention from the crypto community, especially whales, amid Blur's second airdrop and Blur founder Tieshun Roquerre's Ethereum L2 Blast spiking 20,000% in TVL. On-chain data reported that nearly 25 whales have purchased BLUR tokens since the second airdrop, inducing the BLUR price to witness a massive rally of 90% in a week.

BLUR, the native token of non-fungible token (NFT) marketplace Blur is extending its parabolic run today amid broader crypto market consolidation moves. The token is up by 27.92% at the time of writing, extending its spot market valuation to $0.6322.

The native token of Blur non-fungible token (NFT) marketplace, BLUR, has emerged as the top gainer among the top 100 cryptocurrencies. BLUR is up by 20% in the past 24 hours and is trading at $0.

Following the news of charges against Changpeng Zhao (CZ), ex-CEO of the Binance exchange, the crypto market experienced a bearish trend for two days. Positively, the market has recorded a strong uptrend today as it added over 2.5% in value within the past day.

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.