BLUR Airdrop Round 2 Launch, Can This Rally Continue?

On November 21, on-chain data revealed an important signal: Blur transferred over 300 million BLUR tokens (with a market cap of approximately $97 million) from a multi-signature wallet to the airdrop contract, marking the official start of the second quarter airdrop. NFT traders and creators are now entering a 45-day claiming window, followed seamlessly by the third quarter, which will kick off a new 6-month reward cycle.

Fund Flows Triggered by the Airdrop

Interestingly, there was an immediate outflow of funds after the airdrop distribution. On-chain monitoring shows that some of the received BLUR tokens were quickly transferred to exchanges, which is often seen as a profit-taking signal. However, market reactions were unexpected — BLUR did not decline as anticipated but instead showed a strong upward trend.

According to the latest market data, BLUR is currently trading at $0.03, with a 24-hour increase of +3.11%, indicating that buying pressure is prevailing over profit-taking amid the positive airdrop news and profit-taking activities.

Technical Indicators Show Positive Signals

From the daily chart, BLUR formed a strong bullish candlestick today, successfully reversing the downtrend. The $0.28 level is identified as a key support zone (corresponding to the start of the big rally on November 6), serving as an important defensive fortress for the bulls.

Although short-term selling pressure due to the airdrop continues, technical signals have already indicated a potential bottom. Coupled with the upcoming third quarter reward mechanism, market sentiment is leaning bullish. As long as the support level holds, BLUR’s subsequent rebound potential is worth期待。