Why Is BLUR Token Price Surging?

Launched in October 2022, Blur, an NFT marketplace has grabbed the headlines as it competes with other Ethereum-based protocols like OpenSea.

It is to be noted that BLUR is the native governance token of Blur.

On Feb 14, Blur announced it would give away 360 million BLUR tokens which were worth around $355 million to early adopters.

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[{"selector":"#anim-b39b7b0d-0430-4395-8fec-971663401719 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.1640762804624%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] As per the website, it has 360,000,000 BLUR was distributed to the community in Season 1 and Season 2 has now begun. Arrow

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According to Coinmarketcap data, the BLUR token is currently amongst the top trending coins and has seen a sudden price spike of 15.13% in the last 24 hours.

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[{"selector":"#anim-21825e0e-33a7-433c-b506-b7be4951ea6c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.26665175133565%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] At press time, the BLUR token is currently trading at $1.29. Arrow

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