{"id":26006,"date":"2023-06-27T18:52:45","date_gmt":"2023-06-27T22:52:45","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26006"},"modified":"2023-06-27T18:52:45","modified_gmt":"2023-06-27T22:52:45","slug":"blur-up-by-11-following-this-announcement","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/27\/blur-up-by-11-following-this-announcement\/","title":{"rendered":"BLUR Up By 11% Following This Announcement"},"content":{"rendered":"

BLUR, the native token of the Blur NFT marketplace, saw a recent boost in its market price following a particular announcement.\u00a0 According to data by CoinMarketCap<\/a>, BLUR has gained by 11.75% in the last 24 hours, emerging as one of the top gainers in today\u2019s market.\u00a0<\/p>\n

Looking at its price overview,\u00a0 BLUR has shown a rather mixed price movement in the last seven days, although resulting in an overall price gain of 12.43%<\/p>\n

However, the token\u2019s monthly chart data tells a different story, with BLUR losing over 26% of its value in the last 30 days. During this period, BLUR\u00a0 fell to its lowest price this year, trading as low as $0.297.\u00a0<\/p>\n

Listing Announcement Causes BLUR Market Surge<\/h2>\n

BLUR experienced a sudden hike in its price this morning, leading to the token trading around $0.43 for the first time since the beginning of the month.<\/p>\n

Related Reading: Bitcoin Holders Expect Retrace, Will BTC Move Against Crowd Once Again?<\/a><\/p>\n

Analyzing BLUR\u2019s price action, on-chain analytics platform Lookonchain has noted that BLUR\u2019s price gain appears to be due to a recent listing by a crypto exchange.<\/p>\n

According to Lookonchain\u2019s report<\/a>, BLUR\u2019s market price surged by over 27% after popular Asian exchange Upbit announced plans to list the token on its KRW market in the early hours of today.\u00a0<\/p>\n

Upbit is well-known as the first licensed digital exchange in South Korea.\u00a0 Established in 2017, the exchange serves over 10 million users, accounting for over 80% of the Korean exchange market.<\/p>\n

That said, it is worth noting that BLUR\u2019s price peaked at $0.43 following the announcement but has since been on a downtrend, losing about 12% of its value in the last seven hours.\u00a0<\/p>\n

At the time of writing, BLUR is currently exchanging hands at a price of $0.38 based on data from CoinMarketCap. Meanwhile, its daily trading volume hovers around $277 million, having gone up by 11.83%.\u00a0<\/p>\n

Money Maker Conducts Puzzling Transactions Amidst BLUR\u2019s Price Boost<\/h2>\n

In other news, Lookonchain also spotted a rather \u201cunusual market behavior\u201d from prominent DeFi market maker Wintermute amidst the recent price boost in the BLUR market.\u00a0<\/p>\n

Related Reading: Robinhood To Lay Off 7% of Full-Time Staff In Latest Restructuring<\/a><\/p>\n

Wintermute reportedly received 10 million BLUR tokens \u2013 valued at $4.2 million \u2013 from Coinbase custody wallet and deposited these tokens on the Kraken exchange several hours before the BLUR\u2019s price hike occurred.<\/p>\n

The on-chain analytics platform also noted the market maker deposited 2.1 million BLUR \u2013 valued then at $895,000 \u2013 on Coinbase; however, after the price surge had happened.<\/p>\n

For now, Wintermute\u2019s intention following these transactions is unknown but appears to be drawing much attention, perhaps to the company\u2019s recent troubles.<\/p>\n

Three days ago, creditors of the defunct lending platform Celsius raised allegations against Wintermute,<\/a> stating the market maker collaborated with Celsius executives in a wash trading deal.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BLUR, the native token of the Blur NFT marketplace, saw a recent boost in its market price following a particular announcement.\u00a0 According to data by CoinMarketCap<\/a>, BLUR has gained by 11.75% in the last 24 hours, emerging as one of the top gainers in today\u2019s market.\u00a0<\/p>\n

Looking at its price overview,\u00a0 BLUR has shown a rather mixed price movement in the last seven days, although resulting in an overall price gain of 12.43%<\/p>\n

However, the token\u2019s monthly chart data tells a different story, with BLUR losing over 26% of its value in the last 30 days. During this period, BLUR\u00a0 fell to its lowest price this year, trading as low as $0.297.\u00a0<\/p>\n

Listing Announcement Causes BLUR Market Surge<\/h2>\n

BLUR experienced a sudden hike in its price this morning, leading to the token trading around $0.43 for the first time since the beginning of the month.<\/p>\n

Related Reading: Bitcoin Holders Expect Retrace, Will BTC Move Against Crowd Once Again?<\/a><\/p>\n

Analyzing BLUR\u2019s price action, on-chain analytics platform Lookonchain has noted that BLUR\u2019s price gain appears to be due to a recent listing by a crypto exchange.<\/p>\n

According to Lookonchain\u2019s report<\/a>, BLUR\u2019s market price surged by over 27% after popular Asian exchange Upbit announced plans to list the token on its KRW market in the early hours of today.\u00a0<\/p>\n

Upbit is well-known as the first licensed digital exchange in South Korea.\u00a0 Established in 2017, the exchange serves over 10 million users, accounting for over 80% of the Korean exchange market.<\/p>\n

That said, it is worth noting that BLUR\u2019s price peaked at $0.43 following the announcement but has since been on a downtrend, losing about 12% of its value in the last seven hours.\u00a0<\/p>\n

At the time of writing, BLUR is currently exchanging hands at a price of $0.38 based on data from CoinMarketCap. Meanwhile, its daily trading volume hovers around $277 million, having gone up by 11.83%.\u00a0<\/p>\n

Money Maker Conducts Puzzling Transactions Amidst BLUR\u2019s Price Boost<\/h2>\n

In other news, Lookonchain also spotted a rather \u201cunusual market behavior\u201d from prominent DeFi market maker Wintermute amidst the recent price boost in the BLUR market.\u00a0<\/p>\n

Related Reading: Robinhood To Lay Off 7% of Full-Time Staff In Latest Restructuring<\/a><\/p>\n

Wintermute reportedly received 10 million BLUR tokens \u2013 valued at $4.2 million \u2013 from Coinbase custody wallet and deposited these tokens on the Kraken exchange several hours before the BLUR\u2019s price hike occurred.<\/p>\n

The on-chain analytics platform also noted the market maker deposited 2.1 million BLUR \u2013 valued then at $895,000 \u2013 on Coinbase; however, after the price surge had happened.<\/p>\n

For now, Wintermute\u2019s intention following these transactions is unknown but appears to be drawing much attention, perhaps to the company\u2019s recent troubles.<\/p>\n

Three days ago, creditors of the defunct lending platform Celsius raised allegations against Wintermute,<\/a> stating the market maker collaborated with Celsius executives in a wash trading deal.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-26006","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=26006"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26006\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26006"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}