It’s been just one day since the shutdown announcement, and Blur has already seen the full chain reaction: a token plunge, an exchange warning, and a takeover offer—the NFT veteran’s farewell is far uglier than anyone expected.
#BlurPlansToRetireBlurioFrontendOnNov12
#NFT #Blur
On October 12, Blur announced on X that it would shut down the blur.io web frontend on November 12. Blend lending will also stop matching new loans that day, and borrowers must repay their loans before the deadline or allow them to default. The marketplace protocol itself will remain on-chain, with $BLUR retaining control of the fee switch. The announcement gave no reason for the shutdown; it only reminded users to follow official accounts and beware of fake announcements.
Within 24 hours, $BLUR plunged by around 30%, falling to about $0.012. Data from multiple market trackers agreed, putting the drop between 29% and 34%—a textbook case of “sell the news.”
The next blow came from South Korea. On October 13, Upbit designated $BLUR as an asset under investment warning and suspended deposits of $BLUR starting at 3 p.m., citing concerns about the project’s business legitimacy and sustainability. The warning period runs through the end of October; if the issues aren’t addressed, the token could be delisted outright. That means South Korean holders who want to transfer their assets out will have another hurdle to clear.
Meanwhile, $SUSHI CEO Alex McCurry publicly proposed acquiring Blur, saying he was willing to talk with the team. The proposal included no price or terms, making it look more like a flag planted on a distressed asset—but the news itself shows that, in others’ eyes, Blur’s on-chain contracts and accumulated user assets still have value.
Blend borrowers are the ones facing the most immediate pressure: outstanding loans must be settled by November 12, while liquidity is already thin and some of the largest positions are concentrated in blue-chip NFTs like BAYC and MAYC. Some lending protocols have already offered borrowers refinancing and migration options. Blur has also promised a withdrawal tool, though it hasn’t said when it will launch.
In short: the frontend shutdown is the “surface”; the exchange scrutiny and token crash are the “underlying problem.” Blur’s contracts are still alive, but “Blur the company” is visibly losing credibility by the day. For anyone still holding $BLUR or with a position on Blend, the remaining month is a window of opportunity—not a time to sit back and wait.
This is not investment advice. DYOR; trading involves risk.
#BlurPlansToRetireBlurioFrontendOnNov12
#NFT #Blur
On October 12, Blur announced on X that it would shut down the blur.io web frontend on November 12. Blend lending will also stop matching new loans that day, and borrowers must repay their loans before the deadline or allow them to default. The marketplace protocol itself will remain on-chain, with $BLUR retaining control of the fee switch. The announcement gave no reason for the shutdown; it only reminded users to follow official accounts and beware of fake announcements.
Within 24 hours, $BLUR plunged by around 30%, falling to about $0.012. Data from multiple market trackers agreed, putting the drop between 29% and 34%—a textbook case of “sell the news.”
The next blow came from South Korea. On October 13, Upbit designated $BLUR as an asset under investment warning and suspended deposits of $BLUR starting at 3 p.m., citing concerns about the project’s business legitimacy and sustainability. The warning period runs through the end of October; if the issues aren’t addressed, the token could be delisted outright. That means South Korean holders who want to transfer their assets out will have another hurdle to clear.
Meanwhile, $SUSHI CEO Alex McCurry publicly proposed acquiring Blur, saying he was willing to talk with the team. The proposal included no price or terms, making it look more like a flag planted on a distressed asset—but the news itself shows that, in others’ eyes, Blur’s on-chain contracts and accumulated user assets still have value.
Blend borrowers are the ones facing the most immediate pressure: outstanding loans must be settled by November 12, while liquidity is already thin and some of the largest positions are concentrated in blue-chip NFTs like BAYC and MAYC. Some lending protocols have already offered borrowers refinancing and migration options. Blur has also promised a withdrawal tool, though it hasn’t said when it will launch.
In short: the frontend shutdown is the “surface”; the exchange scrutiny and token crash are the “underlying problem.” Blur’s contracts are still alive, but “Blur the company” is visibly losing credibility by the day. For anyone still holding $BLUR or with a position on Blend, the remaining month is a window of opportunity—not a time to sit back and wait.
This is not investment advice. DYOR; trading involves risk.