Main navigation

BLUR Jumps 10% as Binance Launches BLUR/USDT-M Perpetual Contracts

Thu, 04/27/2023 - 15:25
article image
Yuri Molchan
BLUR price rises after announcement by Binance; whales began purchase spree
BLUR Jumps 10% as Binance Launches BLUR/USDT-M Perpetual Contracts
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Leading crypto exchange and its branch Binance Futures has announced the launch of USDⓈ-M BLUR to take place on April 28. The leverage for it will be up to 20x, according to the blog post published by Binance. In the meantime, whales have added 2 million BLUR to their wallets.

BLUR jumping 10% on Binance announcement

USDⓈ-margined contracts are settled in USDT or BUSD. In this case, it is the former since BUSD is gradually being pushed out of circulation and usage.

Unlike regular futures contracts, perpetual ones do not have an expiry date, so traders can hold them for as long as they want.

The price of BLUR went up by roughly 10% on that news.

Image via CoinMarketCap

Dogecoin Founder Says He Would Buy Neither Meme Coins Nor NFTs

Whales buy 2 million BLUR

Crypto tracker @lookonchain has reported that after the price of BLUR soared, three ETH wallets bought 2 million of these tokens at the price of $0.636. They bought BLUR with sightly under 690 ETH (the equivalent of about $1.28 million USD) that they had withdrawn on April 15 after the Shapella upgrade on Ethereum was integrated.

At the time of this writing, BLUR is changing hands at $0.7027 per token, according to data provided by CoinMarketCap.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at