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Blur’s token plummets by 98% in 20 days; will OpenSea make a comeback?
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Blur’s governance token BLUR has suffered a massive 98% drop in its value within just 20 days of its launch, according to CoinMarketCap data.
Following a few months of anticipation, the zero-fee non-fungible token (NFT) marketplace released its governance token on Valentine’s day.
As community members began claiming their airdropped tokens and trading the same, BLUR’s price shot up to almost $50 on the same day.
However, almost instantaneously, it soon began its descent. At press time, the alt traded at $0.6915. Is your portfolio green?
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