Crypto News

Blur (BLUR) Gains Momentum With Innovative NFT Trading Platform

Blur (BLUR) is swiftly capturing attention with its groundbreaking NFT trading platform built on Ethereum.

Leveraging the Ethereum blockchain as an ERC-20 token, Blur benefits from the robust security provided by Ethereum’s Proof-of-Stake consensus mechanism.

Setting itself apart from other NFT marketplaces, Blur boasts a plethora of features designed to enhance the NFT trading experience and maximize traders’ earnings. 

Notably, the project imposes no trading fees on NFT sales, providing traders with a cost-effective platform for their transactions.

Significant Whale Involvement With BLUR Token To Watch

Recent on-chain reports have revealed significant activity involving a whale or institution that has been accumulating Blur tokens since April 2023. Just 10 minutes ago, this entity deposited 800,000 BLUR to Coinbase, sparking speculation of a potential sell-off valued at $488,000.

As of now, the address associated with this entity still holds a substantial amount of Blur tokens:

– BLUR: 26.38 million tokens, valued at $16.05 million, with an average cost of $0.46 per token

– DYDX: 2.96 million tokens, valued at $8.44 million, with an average cost of $2.45 per token

Despite the recent activity, Blur continues to demonstrate strong upward momentum, registering an impressive 8% gain in the past 24 hours. 

The platform’s innovative features and commitment to providing a seamless NFT trading experience position Blur as a noteworthy player in the rapidly evolving cryptocurrency landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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