Since launching the token with a super strong airdrop campaign. #Blur becomes extremely prominent, dominates the market and of course attracts a series of new users.
There is no need to discuss the effectiveness of Blur campaigns. Currently, the trading volume on Blur is outperforming #Opensea over the past time.
*Bid: set the buying price - NFT term - You understand it simply like the buy limit order on the coin
It must be said that the Blur team was too clever when they were on the winning track, they launched a second airdrop that was as strong and attractive as airdrop 1, with a lot of unclear information (this caused users to only bid). as much as possible). The inevitable consequence is that Blur has huge liquidity.
In short, Blur has been using airdrops in exchange for abundant liquidity. But as you can see, the amount of airdrops is finite + the real demand for NFTs is still very limited. Therefore, it is inevitable that Blur will witness major drops in liquidity in the near future.
This will likely start from April, when the x2 bonus multiplier will end on April 1. Besides, another factor that can make liquidity even worse is the decline of Blur tokens (Blur capitalization is currently quite high + time to pay tokens) - which means the reward giving users less while still having many risks (swinging NFT peaks).
Also in the current context, for Whale, high liquidity is their opportunity to sell goods at good prices: @osf_rekt & @rektmando sold 72 #BAYC at peak price with 0% slippage, earning $9M - top sales are considered the best ever, because it was rarely done in the previous NFT Market context.
=> Conclusion:
Those who are bidding/trading to receive airdrops on Blur need to closely follow the liquidity + start calculating more carefully about Reward/Risk, avoid swinging at the peak, losing more than the reward received from Blur. Currently, data shows that many users are accepting trade losses to receive airdrops.
