User Claims $11M Prize for Blur Token in NFT Marketplace Season 2 Airdrop
A fake Anonymous Token (NFT) trader made around $11 million in a recent airdrop prize distribution run by NFT Marketplace Blur.
Data from Dune Analytics shows that a wallet with the Ethereum Name Service (ENS) tag “hanwe.eth” has a total of 22,851,000 BLUR tokens at the time of two airdrop blurs. At the time of writing, coin price tracker CoinGecko showed the amount to be around $11.2 million.
It's time to explode. I just received 22851000 $BLUR from @BLUR_io Season 2 drop. Season 3 starts now and is powered by @BLAST_L2, the only L2 supported by Paradigm and Standard Crypto. pic.twitter.com/jDKgc0wInS
— Hanwe (@HanweChang) November 21, 2023
The end-of-season airdrop is one of the tactics employed by Blur to attract traders to use the platform. Blur rewards those who trade NFTs on the platform at the end of each season.
The rewards vary depending on the activity of the users in the NFT trading platform. In the most recent airdrop, Blur allocated a total reward of 300 million tokens worth $146 million at BLUR prices.
Nearly 38,000 addresses have claimed their rewards, making the number of tokens claimed at 267 million. However, not everyone is satisfied with the blurb awards received at the end of the season.
Fuk @blur_io and @PacmanBlur
— Machi Big Brother (@machibigbrother) November 21, 2023
NFT whale Jeffrey Hwang, commonly known as Machi Big Brother, was vilified by the blurb after receiving 6 million tokens worth about $2.9 million. In the year Nansen's Andrew Thurman said it could be “one big bath trade” to take advantage of the bleak weather, as Huang promptly returned 991 NFTs.
Related: NFT sales jump to $129M in November – Nansen data
Blur surpassed OpenSea in daily Ether (ETH) trading volume earlier this year. On February 18, OpenSea was asked to implement a 0% fee structure to win back its user base from its up-and-coming competitor.
Magazine: British artist Damien Hirst uses NFTs to blur the line between art and money
