BitMEX founder Arthur Hayes is buying huge amounts of BLUR tokens amid the hype. The NFT marketplace Blur airdropped 360 million BLUR tokens to traders, Care Package holders, and creators. The massive hype around BLUR caused the token to now rank at 107.

PeckShiedAlert in a series of tweets on Thursday revealed massive amounts of BLUR tokens received by BitMEX founder Arthur Hayes. Arthur Hayes labeled address received 341k BLUR tokens from “0x62ac” earlier today. After a few hours, the wallet address linked to Arthur Hayes received another 250k BLUR from the same address “0x62ac”.

Etherscan data reveals Arthur Hayes has 591,191 BLUR tokens in total. Hayes has made significant profits by investing in several projects. He is also one of the largest holders of GMX tokens. The GMX price is trading at $81.12, up over 9% in the last 24 hours.

Arthur Hayes took to Twitter to reveal his recent purchase, saying “My vision is a bit $BLUR-y, it’s hard to see those trees sometimes.” In another tweet earlier he said, “$BLUR it’s cold in here, there must be some Degens in the atmosphere!”

All traders across all marketplaces in the last 3 months, Care Package holders, and Creators received airdrop. People have 60 days to claim their BLUR.

Blur has seen more (wash excluded) trading volume than OpenSea almost every day in the first half of February. Blur bidding pools have reached a new ATH of $69.94 million TVL. Blur asserted it is a huge win for the community, which has been distributed 360 million BLUR. It said users will continue to receive BLUR in future community releases.

BLUR Token Price Risks Falling

BLUR token price is currently trading at $1.12, up nearly 50% in the last 24 hours. The 24-hour low and high are $0.7358 and $1.19, respectively. However, the trading volume has increased by just 10% in the last 24 hours, indicating quite a low in interest. A low trading volume and profit-taking risks BLUR price to fall suddenly.

South Korea’s largest crypto exchanges Upbit and Bithumb today listed the BLUR token. Binance is the only mainstream exchange that has not yet listed BLUR.

Also Read: Reasons Behind Bitcoin 12% And Ethereum Price 10% Rally Today, More Upside Ahead?

The post BitMEX Founder Arthur Hayes Buys BLUR Hype, But Price Risks Falling Soon appeared first on CoinGape.

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Filed under: News - @ February 16, 2023 11:26 am