BLUR’s official website and Blend lending to shut down on 11/12! BLUR rebounds 17% after a plunge—is this a relaunch or a dead-cat bounce?
Blur (BLUR) rose 16.94% today to $0.01222, drawing market attention.
The truth behind the major bearish news:
1. Official shutdown announcement: On 10/12, the team announced that the website would officially shut down on November 12 and that Blend would stop matching new NFT loans (borrowers must repay before that date, or their collateralized NFTs will be seized for default). The team’s Blast L2 was also shut down a few days ago.
2. Token status: After the news broke, the token plunged more than 30%, hitting $0.012. Today’s rebound is purely a technical dead-cat bounce after the bearish news was priced in; trading volume has already fallen by more than 99% from its 2023 peak.
Conclusion: $0.0120 is merely a shutdown pricing level, absolutely not a protocol relaunch! On-chain matching may still be available, but the front end is defunct. If the price falls below $0.0120, exit decisively—do not try to catch a falling knife!
#BLUR #Blur #NFT #Blend #利空落地
$BLUR
Blur (BLUR) rose 16.94% today to $0.01222, drawing market attention.
The truth behind the major bearish news:
1. Official shutdown announcement: On 10/12, the team announced that the website would officially shut down on November 12 and that Blend would stop matching new NFT loans (borrowers must repay before that date, or their collateralized NFTs will be seized for default). The team’s Blast L2 was also shut down a few days ago.
2. Token status: After the news broke, the token plunged more than 30%, hitting $0.012. Today’s rebound is purely a technical dead-cat bounce after the bearish news was priced in; trading volume has already fallen by more than 99% from its 2023 peak.
Conclusion: $0.0120 is merely a shutdown pricing level, absolutely not a protocol relaunch! On-chain matching may still be available, but the front end is defunct. If the price falls below $0.0120, exit decisively—do not try to catch a falling knife!
#BLUR #Blur #NFT #Blend #利空落地
$BLUR