BLUR Doubles in Price Post-Binance Listing and Phase 2 Airdrop
BLUR, the native token of the NFT exchange platform bearing the same name, has doubled in value following its listing on Binance.
BLUR has seen its price double since being listed on Binance and during its second airdrop. Image: CoinGape
The price of BLUR has skyrocketed in just three days after the airdrop and subsequent listing on Binance's Seed Tag section.
Chart showing BLUR/USDT pair on Binance at 08:20 AM on November 25, 2023
In line with the upbeat mood across the cryptocurrency market, BLUR surged from $0.55 to a peak of $0.64, consistently ranking among the top gainers on the exchange post-listing. Coinciding with Bitcoin's new 2023 high, the exchange token has also risen 150% compared to the previous month.
At the time of writing, BLUR is trading around $0.64 and is gearing up for further potential pump activities.
The launch of layer-2 solution Blast has been instrumental in revitalizing Blur's declining momentum, coinciding with its Phase 2 airdrop. Both Blur and Blast share Pacman as a common founder and receive backing from Paradigm investment fund.
Despite controversies surrounding its Ponzi-like operational model, Blast has garnered significant attention, promising another airdrop in May 2024 and quickly becoming one of the top three largest staking projects in the market.
Amidst the Blast frenzy, BLUR's 24-hour trading volume recently surpassed $1 billion.
Recently, we've witnessed tokens 'swim upstream' following user airdrops. Celestia (TIA) and Pyth Network (PYTH) are examples of tokens demonstrating project fundamentals, having increased threefold and by 70% respectively since their airdrops and token launches.
