BLUR Token Holders Disappointed as Price Plummets Despite Ecosystem Expansion
The value of BLUR, the native token of the Blur NFT marketplace, has experienced a sharp decline since the beginning of the year, causing concern among investors about the token’s future prospects despite recent advancements in the platform.
In February, the altcoin’s upward trajectory came to a halt, undoing most of the gains from the previous rally. This downward trend has left BLUR holders feeling regretful, with one investor expressing remorse for not selling their holdings in February when the altcoin was valued at $0.70.
Despite efforts to drive adoption, such as the launch of season 4 in the NFT marketplace, BLUR’s price continued to plummet. The season was introduced with the allocation of 500 million BLAST tokens until June 2025. Additionally, Blur implemented various incentives to encourage user engagement, including earning points through bidding, listing sales, and lending. These points would determine users’ BLAST token allocation. Furthermore, the announcement of the Ethereum L2 native yield and the Fullstack Chain aimed to attract more users to the platform.
However, Arthor Cheong, the founder of DeFiance Capital, expressed surprise at Blast’s fully diluted valuation (FDV) of $2 billion. Given the trading volumes of previous layer-2 projects, Cheong had anticipated Blast’s FDV to surpass $5 billion. This observation suggests that the era of highly anticipated projects launching with FDVs of around $20 billion may be coming to an end.
At the time of writing, BLUR is trading at $0.2076, reflecting a 75% decrease from its yearly high in February.
It is essential to note that the information provided in this article is intended for informational and educational purposes only and is not financial advice. Readers should exercise caution and perform their own research before making any investment decisions.