After the season 2 airdrop, the whales load up on BLUR.
BLUR outperforms other altcoins by 35% Data shows whale buying surge after NFT marketplace Season 2 airdrop ends BLUR price reached $0.52, the highest level since late May.
At the time of writing, BLUR had a massive 35% performance boost. Meanwhile, the top coins and tokens in the crypto market continue to struggle with increased bear pressure following the events surrounding Binance over the past 24 hours.
BLUR traded at $0.52 on Wednesday, its highest level since May 29, 2023, according to market data.
But as BLUR rallied 35% and looked to extend the gains seen over the past 24 hours, Bitcoin and Ethereum were down -1.1% and +2.8% at $36,560 and $2,034, respectively.
Fuzzy Token will go up after the Season 2 airdrop.
Blur's recently completed airdrop appears to have sparked more buying by large owners. According to on-chain data, there has been significant whale activity since Monday, when Blur Group announced that NFT traders could start requesting Season 2 airdrop allocations.
Chapter 2 is complete
NFT Traders 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
The airdrop campaign seems to encourage more use of the platform, especially after the bear market took a heavy toll on sales volume.
The Blur Open Season 2 airdrop allowed users to earn points for BLUR opportunity by listing, bidding or lending NFTs. High-value trades get more, and whales accumulate more from the open market, adding to the windfall of BLUR tokens received in airdrops.
On-chain data tracker Lookonchain reported earlier today that 19 addresses have added 51.3 million BLUR as BLUR price rises following the airdrop. After 10 wallets received 85.69 million BLUR worth $27.25 million, the token purchased by the top holders was $21 million.
While many owners want to make money on airdrops, whales are likely to accumulate more. If the price rises further, bulls could revisit the April high of $0.81 and the February high of $1.24.
