A pseudonymous nonfungible token (NFT) dealer made round $11 million within the latest airdrop reward distribution carried out by the NFT market Blur.
Dune analytics information showed {that a} pockets with the Ethereum Identify Service (ENS) tag referred to as “hanwe.eth” claimed a complete of twenty-two,851,000 Blur (BLUR) tokens within the season 2 airdrop of Blur. On the time of writing, coin worth tracker CoinGecko confirmed that the quantity is price round $11.2 million.
It is time to BLAST OFF. I simply acquired 22851000 $BLUR from @BLUR_io‘s Season 2 drop. Season 3 begins NOW and is powered by @BLAST_L2, the one L2 with native yield backed by Paradigm and Normal Crypto. pic.twitter.com/jDKgc0wInS
— Hanwe (@HanweChang) November 21, 2023
The top-of-season airdrop is among the methods employed by Blur to draw merchants to make use of its platform. Blur rewards those that traded NFTs on the platform on the finish of every season.
The rewards fluctuate relying on customers’ actions throughout the NFT buying and selling platform. In the newest airdrop, Blur allotted a complete reward pool of 300 million tokens price $146 million at present BLUR costs.
Round 38,000 addresses have already claimed their rewards, placing the whole variety of claimed tokens at 267 million. Nonetheless, not everyone seems to be glad with the Blur rewards acquired on the finish of the season.
Fuck @blur_io and @PacmanBlur
— Machi Large Brother (@machibigbrother) November 21, 2023
NFT whale Jeffrey Hwang, generally often called Machi Large Brother, cursed at Blur after receiving 6 million tokens price round $2.9 million. On Feb. 25, Hwang sold 1,010 NFTs in 48 hours in what some think about the most important NFT dump ever. Nansen’s Andrew Thurman mentioned it may very well be “one large wash commerce” to generate income by way of the Blur airdrop, as Hwang virtually instantly bought back 991 of the NFTs.
Associated: NFT sales volume jumps to $129M in November — Nansen data
Blur surpassed OpenSea in every day Ether (ETH) buying and selling quantity earlier this yr. On Feb. 18, OpenSea was prompted to implement a 0% fee structure to win again its person base from its up-and-coming competitor.
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