Binance Lists Blur With Inspection Tag as BLUR Shoots Up 88%

Binance elevates Blur with a surprise listing, putting focus on safety via the Seed Tag.

Space woman shooting in spaceships through Blur world.
Created by Kornelija Poderskytė from DailyCoin
  • Binance adds a popular NFT marketplace’s native coin with a surveillance tag.
  • BLUR traders are excited over the latest BLUR airdrop, netting one trader $12M.
  • The unforeseen move sparks $BLUR’s price, completing a triple-digit monthly run.

Despite going through major changes in the executive department, the globe’s leading crypto exchange Binance continues to list new cryptocurrencies on the platform. According to the latest statement, Binance opens trading for three spot trading pairs involving Blur (BLUR).

Known as the native cryptocurrency of one of the world’s most popular non-fungible token (NFT) platforms, $BLUR trading on Binance will kick off on November 24 at 09:00 UTC. Furthermore, the listing of Blur.io’s native token comes with a seed tag. Blur trading will also be available in isolated margin markets via the BLUR/USDT pair.

Sponsored

The spot trading pairs for $BLUR are currently as follows:

  • BLUR/BTC
  • BLUR/USDT
  • BLUR//TRY

The seed tag is used to monitor higher-risk cryptocurrency assets. As a result, crypto investors who are eager to trade $BLUR will be required to pass a short knowledge check every 3 months. This way, Binance helps the user to assess the risk tied to the new cryptocurrency.

Blur Sees 88% Uptick Upon Landing on Binance

Prior to Binance’s ground-breaking announcement, $BLUR had struck a deal with Blast, an up-and-coming Layer-2 scaling solution. The move coincided with massive airdrops for NFT traders, who were previously actively reaping the trading and staking rewards on Blur.io.

The recent $BLUR airdrop netted one lucky NFT trader a colossal $7.2M worth of $BLUR, gaining an extra $5.21 million in three days since receiving the funds. This NFT enthusiast, Hanwe Chang, sold half of the airdropped $BLUR at an asset price of $0.4816 two days ago.

Sponsored

Since then, Blur inked an extra 27.4% price appreciation after Binance announced the inclusion of $BLUR into their ecosystem. At press time, the #77 seated Blur (BLUR) trades at $0.62. The latest price movement sums up BLUR’s monthly run to a whopping 156.6%, even though the NFT native coin is still 87.6% below its all-time high (ATH) set at $5.02 9 months ago.

On The Flipside

  • Part of the reason why the $BLUR token is considered to be more volatile is the previous controversy over alleged wash trading.
  • Several NFT data aggregators had blamed Blur.io’s rewards policy for having blurred the lines between organic and artificial trading.

Why This Matters

Binance is the world’s leading crypto exchange, while the $BLUR token is associated with advanced NFT trading.

Read DailyCoin’s top crypto news:
Thanksgiving 2023: The Price of Thanksgiving Dinner in Bitcoin Over the Last Decade
Presidential Pardon: Should We Forgive the SEC this Thanksgiving?

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.