Someone Got $8.4 Million in Blur NFT Marketplace's Latest Airdrop

As NFT marketplace Blur sets its sights on a so-called Season 3 of rewards for traders, one JPEG flipper walked away with more than $8.4 million worth of airdropped BLUR tokens from Season 2. Factoring in how active the trader was—across NFT bids, listings, and lending activity during its months-long Season 2—Blur awarded the pseudonymous Hanwe's hanwe.eth wallet with 22.85 million BLUR tokens, according to a Dune dashboard. The airdropped tokens were worth around $7.3 million when claimed late Monday, shortly after Blur’s Season 2 ended at 6 pm ET, but the token has risen in value since. Blur’s token is up about 8% over the past day at $0.37, according to CoinGecko. Using the Ethereum Name Service to assign their wallet a human-readable name, the trader received a substantial slice of the 300 million BLUR earmarked for Season 2’s end. According to the Dune data, Hanwe received the largest share of rewards for Season 2. Blur catapulted past OpenSea in terms of NFT trading volume this year, as the marketplace’s business—infused with incentives that encourage people to trade—struck a chord with crypto’s JPEG crowd.