An active cryptocurrency trader has managed to receive more than $11 million in the season 2 token airdrop of non-fungible token (NFT) marketplace Blur, a period marked by intense trading activity and substantial airdrop rewards.
The trader, known as Hanwe, was active on Blur through NFT bids, listings and loans, and emerged as the top beneficiary of Season 2 using the pseudonym hanwe.eth, earning 22.85 million BLUR- tokens from the total 300 million pot allocated for the season.
The tokens were worth approximately $7.3 million when received, but the price of the cryptocurrency has since risen, to the point that the airdrop is now worth $11.3 million.
It’s time to BLOW OUT. I just received 22851000 $BLUR from @BLUR_io’s Season 2 drop. Season 3 starts NOW and is powered by @BLAST_L2, the only native yield L2 powered by Paradigm and Standard Crypto. pic.twitter.com/jDKgc0wInS
– Hanwe (@HanweChang) November 21, 2023
In a major milestone, as Decrypt first reported, earlier this year it surpassed OpenSea in NFT trading volume with its business model, which encourages active trading, and resonates strongly with the NFT community. The upcoming Season 3 will introduce new changes including the integration of Ethereum Layer-2 network Blast.
This network will improve the platform’s efficiency and provide new incentives, with Blur’s community receiving a special airdrop in May 2024. At the time of writing, BLUR is trading at $0.51, having risen 38.4% in the last 24 hours.
The cryptocurrency’s price has soared by as much as 185% in the past 30 days amid a broader recovery in the cryptocurrency market, with prices of numerous altcoins surging on hopes that a Bitcoin Exchange Traded Fund (ETF) will soon can be approved in the United States is increasing.
Featured image via Unsplash.