Blur Price Pumps Up 20% in 24 Hours

NFT-related altcoin Blur (BLUR) has risen double-digit over the past 24 hours, according to CoinMarketCap data. The native token of its namesake NFT aggregator and marketplace has soared above 20%.

The token has seen a massive surge in trading volume of 1240% in just 24 hours. The trend is seen after the token was listed on Upbit – a South Korean trading platform, accompanied by a price rise of 22% at the same time.

The altcoin’s trading volume now stands 44^th in the global crypto market, although Blur’s ranking is 110^th in terms of market capitalization.

Another obvious trigger for growth is its recent integration with the OKX NFT marketplace with numerous features. Additionally, Blur is also a part of one of the leading NFT platforms running on the Solana (SOL) blockchain.

The asset saw a massive plunge on June 5, when the US Securities and Exchange Commission (SEC) took legal action against major crypto firms.

Blur is seen trading at $0.36 at press time.

Will Blur Sustain the Trend?

Blur’s recent growth rally has helped trigger a positive growth trend in the 7-day period. Blur has positioned itself as a prime destination for NFT collectors and sellers, thus driving up its trading volume.

The trading volume on the Blur NFT aggregator has risen exponentially over the last 24 hours surpassing $395 million. According to data provider DappRadar, Blur has witnessed 65% growth in the number of unique traders, reaching the 6,278 mark at the time of writing.

DappRadar data shows that Blur has an average price of $3410 for the collectibles listed, making it the top NFT marketplace.

Blur launched an airdrop in February, which brought significant traction from airdrop hunters in the first quarter. With a remarkable 361% surge in Ethereum NFT trades, Blur surpassed OpenSea as the NFT market leader in February, according to data analytics platform Nansen.ai.