TL;DR
Blur lending positions across major NFT collections dropped by roughly 50% within a single day, signaling rapid deleveraging.
Top blue-chip collections including Lil Pudgys, BAYC, Azuki, and CloneX still carry hundreds of outstanding Blur loans.
Despite potential NFT floor stabilization, ongoing ETH price declines continue to suppress real-dollar valuations with no clear bottom in sight.
Blur NFT Loans Slashed 50% – Is the NFT Market Hitting a True Bottom?
In a striking development for the NFT market, Blur lending positions have been reduced by approximately 50% in just a single day, sparking debate about whether blue-chip NFTs have finally found their floor.
Remaining Blur Loan Counts by Collection
Despite the rapid deleveraging, significant loan exposure remains across top NFT collections:
- Lil Pudgys: 240 loans
- Pudgy Penguins: 175 loans
- CloneX: 140 loans
- MAYC: 120 loans
- Azuki: 115 loans
- BAYC: 100 loans
- Doodles: 78 loans
ETH Price Decline Keeps NFT Floor Prices Under Pressure
Even as NFT floor prices stabilize in ETH terms, the continued drop in ETH’s USD value means the real-dollar bottom may still be elusive. The situation resembles an endless floor — every time a bottom appears to form, ETH’s decline pulls valuations lower once again.
For the full original analysis, see the source post.
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