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Blur (BLUR) Dips 22% as Wash Trading Controversy Escalates

Blur (BLUR) Dips 22% as Wash Trading Controversy Escalates

  • The newly emerging NFT marketplace surpassed OpenSea in sales.
  • Blur’s native token plunged by 22% since last week after a series of airdrops.
  • inorganic trading raises concerns as Nansen names Blur top gas guzzler. NFT marketplace stormed into the NFT game with zero fees and a native token that can be earned by trading NFTs. With this fresh approach to the NFT market, Blur surpassed the leading NFT marketplace OpenSea in trading volume, scoring $460 million more in NFT sales just a week after the native token launch.

Incentivized Liquidity Does the Trick

Despite the common misconception that Blur NFT marketplace dishes out rewards for trading activity, Blur uses the “incentivized liquidity†structure, thus enabling the users to reap the rewards for holding assets. Twitter recently clarified…

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