cryptoglobe.com
An active cryptocurrency trader has managed to receive over $11 million in the token airdrop of the non-fungible token ($NFT) marketplace Blur from Season 2, a period marked by intense trading activity and substantial airdropped rewards.
The trader, known as Hanwe, was active on Blur across $NFT bids, listings, and lending, and with the use of the hanwe.eth pseudonym emerged as the top beneficiary of Season 2, earning 22.85 million $BLUR tokens out of the total 300 million pot allocated for the season.
The tokens, when received, were worth around $7.3 million, but the price of the cryptocurrency has since risen, to the point that the airdrop is now worth $11.3 million.
It's time to BLAST OFF. I just received 22851000 $BLUR from @$BLUR_io's Season 2 drop. Season 3 starts NOW and is powered by @BLAST_L2, the only L2 with native yield backed by Paradigm and Standard Crypto. pic.twitter.com/jDKgc0wInS
— Hanwe (@HanweChang) November 21, 2023
In a significant milestone, as Decrypt first reported, Blur surpassed OpenSea in $NFT trading volume earlier this year with its business model, which incentivizes active trading, resonating strongly with the $NFT community. Its upcoming Season 3 is set to introduce new changes, including the integration of Ethereum layer-2 network Blast.
This network is set to enhance the platform’s efficiency and offer new incentives, with Blur’s community slated to receive a special airdrop in May 2024. At the time of writing, $BLUR is trading at $0.51 after surging 38.4% over the last 24-hour period.
The cryptocurrency’s price rose a whopping 185% over the last 30 days amid a wider cryptocurrency market recovery that has seen the prices of numerous altcoins surge as hopes a spot Bitcoin exchange-traded fund (ETF) could soon be approved in the United States rise.
Featured image via Unsplash.