The awaited BLUR token airdrop was carried out by Blur, a quickly rising NFT market. Tokens with a present market worth of greater than $1 million had been amassed by the highest merchants. The main dealer acquired governance tokens based mostly on Ethereum for about $1,9 million.
The general public blockchain knowledge of Dune reveals that the very best BLUR airdrop recipient obtained roughly 3.2 million tokens, that are price $1.93 million at CoinGecko’s $0.60 worth.
The Ethereum pockets claiming possession of the massive token hoard was created lower than three months in the past, however its proprietor is unknown. In latest days, it has exchanged an enormous quantity of Mutant Ape Yacht Membership and Otherside NFTs.
The pockets holder has repeatedly bought and offered the identical NFTs, suggesting wash buying and selling or a concerted effort to rip-off the Blur buying and selling course of. The sale costs usually are not unusual, however the property are moved usually, leading to a considerable buying and selling quantity.
The second- and third-highest claimants’ wallets recommend numerous interactions with the very best pockets, together with Blur batch gross sales of a number of NFTs.
It implies coordinated wash commerce or using many wallets by a single particular person or group. As with the highest pockets, it’s unknown who owns these wallets, however they seem like a part of a large-scale and profitable try to govern the Blur airdrop, therefore elevating the quantity of Blur’s market trades.
Well-known collectors and social media icons similar to Machi Huge Brother (nearly 1.85 million BLUR, or $1.1 million in worth), Keungz (610K, $368,500), and Franklin (540K, $325,000) additionally claimed Blur in the course of the airdrop.
The market cap of 360 million BLUR tokens after the airdrop was $217 million. Nevertheless, as soon as all tokens have been distributed, the entire provide of BLUR can be 3 billion. Virtually 260 million airdropped tokens have been claimed, representing 72%.
After debuting at present at $5.02 per token, BLUR fell. It’s 88% beneath its transient excessive level.
Content material Supply: decrypt.co
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