Crypto Trader Bags Over $11 Million in NFT Marketplace Token Airdrop

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.

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.