BLUR Token’s March Performance Disappoints, Despite Strong Position in NFT Sales Market

Did you know that the non-fungible token (NFT) marketplace Blur has been a major player in NFT sales? Blur has captured a majority of NFT sales in the past month. Despite this, Blur’s native token, BLUR, lost over 28% of its value last month, and its price has dropped over 88% since its all-time high on February 14, 2023.

It’s important to note that while Blur has been competitive, Opensea has outpaced it in terms of trader count in the past week. However, according to data from Dune Analytics, Blur accounted for 71% of NFT sales volume during that same period.

In terms of market capitalization, BLUR is currently ranked 161st, with a circulating supply of 426.84 million BLUR tokens. As of April 2, 2023, BLUR’s market valuation is $248 million, and the token has seen $75.59 million in global trading volume in the last 24 hours.

If you’re curious about who holds BLUR tokens, statistics show that 42,509 unique addresses hold them, and approximately 94.42% of all BLUR created is held in just 10 wallets. Additionally, the richest 100 BLUR holders control 98.10% of the total supply, with the top address being the BLUR contract deployer.

Overall, while BLUR has experienced a significant drop in value recently, it remains a notable player in the NFT market. As with any investment, it’s important to conduct your own research and make informed decisions.

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