The governance token for the Blur NFT marketplace and aggregator platform, Blur Token (BLUR), is making waves with a live price of $0.611 USD and a robust 24-hour trading volume of $520 million. Impressively, BLUR has experienced a notable 13.12% increase in the past 24 hours.
The recent approval of the Bitcoin Spot ETF has triggered a surge in altcoins outpacing Bitcoin, marking the potential commencement of the altcoin season. In line with this trend, spotonchain data reports reveal intriguing activity around Blur Token.
Fresh data indicates that three new whales withdrew a substantial 11.62 million $BLUR (equivalent to $6.56 million) from OKX in the recent hours, with an average price of $0.564. Notably, the Blur_io platform is poised to unlock the monthly cycle within the next 7 days. Historically, such events tend to catalyze price surges.
Note that @blur_io is expected to unlock the monthly cycle within 7 days, and the price tends to surge after past unlocks. Bullish?
👉 Addresses: https://t.co/gjOlVV9kio
— Spot On Chain (@spotonchain) January 12, 2024
BLUR Dominance Hits Over 80% Of Overall NFTs Trading Volume
Simultaneously, the NFT market has witnessed a significant uptick in activity over the past month. Of particular interest is the dominance of Blur in the NFT trading landscape, accounting for almost 80% of the overall NFT trading volume. This surge in market activity underscores Blur’s position as a key player in the NFT space.
As the altcoin season gains momentum and Blur Token showcases resilience and growth, market enthusiasts are closely watching for further developments and the potential impact of the impending Blur_io monthly cycle unlock on BLUR’s price trajectory.
The cryptocurrency market continues to evolve, presenting opportunities for investors and traders to navigate the dynamic landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.