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BLUR Plummets 84% Following 360M Token Airdrop

NFT marketplace Blur saw its native BLUR token fall to $0.78 from a high of $5 — recording a sharp decline of over 84% — shortly after its airdrop distribution went live.

Blur disclosed that out of its total supply of 3 billion, 51% had been allocated to the community, 29% to core contributors, and 19% to investors.

Out of the community allocation, about 360 million BLUR was unlocked for airdrop distribution to early adopters.

(By Christian Nwobodo)

Get the latest news here: Cointime channel — https://t.me/cointime_en

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