February 20, 2023<\/p>\n\n\n\n
By Sharan Kaur Phillora<\/p>\n\n\n\n
Rising NFT marketplace Blur held its anticipated BLUR token airdrop last week, and some top traders snagged more than $1 million worth of tokens at the current value. The top trader snagged more than $1.9 million worth of the Ethereum-based governance tokens.<\/p>\n\n\n\n
Here\u2019s what we know: <\/strong><\/p>\n\n\n\n According to public blockchain data curated by Dune<\/u><\/a>, the top claimant<\/u><\/a> in the BLUR airdrop took home over 3.2 million BLUR tokens, valued at about $1.93 million based on the current price of about $0.60 per token via CoinGecko<\/u><\/a>.<\/p>\n\n\n\n Blockworks Research<\/u><\/a> analyst Spencer Hughes<\/u><\/a> said the airdrop caused \u201ca very eventful day on Ethereum, sending gas prices towards nearly 1500 GWEI.\u201d Traders were able to sell BLUR for $5 a token, according to Hughes \u2014 a ten-fold multiple on its $0.50 on-chain price. <\/p>\n\n\n\n Top claimants in the Blur airdrop include well-known collectors and social media personalities, including the pseudonymous Machi Big Brother<\/u><\/a> (almost 1.85 million BLUR, or $1.1 million worth), Keungz<\/u><\/a> (610K BLUR, or $368,000 worth), and major Bored Ape Yacht Club trader<\/u><\/a> Franklin<\/u><\/a> (540K BLUR, or $326,000 worth).<\/p>\n\n\n\n While BLUR shot as high as $5.02 per token when it first hit the market last Tuesday, it fell sharply later by 88% from that short-lived peak. So the big question is whether the platform can sustain its high trading volumes. <\/p>\n\n\n\n About the author<\/strong><\/p>\n\n\n\n Sharan Kaur Phillora\u2019s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology \u2013 two emerging technologies that will change how we interact with each other in the future. When she isn\u2019t exploring a new idea or concept, she enjoys reading literary masterpieces.<\/p>\n","protected":false},"excerpt":{"rendered":" February 20, 2023 By Sharan Kaur Phillora Rising NFT marketplace Blur held its anticipated BLUR token airdrop last week, and some top traders snagged more than $1 million worth of […]<\/p>\n","protected":false},"author":1,"featured_media":2846,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2842"}],"collection":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/comments?post=2842"}],"version-history":[{"count":1,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2842\/revisions"}],"predecessor-version":[{"id":2847,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2842\/revisions\/2847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media\/2846"}],"wp:attachment":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media?parent=2842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/categories?post=2842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/tags?post=2842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}