BitMEX founder Arthur Hayes is buying huge amounts of BLUR tokens during the hype. The NFT marketplace Blur has broadcast 360 million BLUR tokens to traders, care package holders and creators. The huge hype surrounding BLUR caused the token to now be at 107.

PeckShiedAlert in one series of tweets on Thursday revealed huge amounts of BLUR tokens received by BitMEX founder Arthur Hayes. Arthur Hayes’ labeled address received 341,000 BLUR tokens from “0x62ac” earlier today. After a few hours, the wallet address associated with Arthur Hayes received another 250,000 BLUR from the same address “0x62ac”.

Etherscan data shows that Arthur Hayes has a total of 591,191 BLUR tokens. Hayes has made significant profits by investing in various projects. He is also one of the largest owners of GMX Coins. The GMX price is trading at $81.12, up more than 9% in the past 24 hours.

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

All merchants on all marketplaces in the past 3 months, care pack holders, and makers have been airdropped. People have 60 days to claim their BLUR.

Blur has seen more (excluding wash) trading volume than Open sea almost every day in the first half of February. Fade bid pools have reached a new ATH of $69.94 million TVL. Blur claimed it’s a huge win for the community, who got 360 million BLUR. It said users will continue to receive BLUR in future community releases.

BLUR Token Price Risks Are Declining

BLUR token price is currently trading at $1.12, up nearly 50% in the past 24 hours. The 24-hour low and high are at $0.7358 and $1.19, respectively. However, the trading volume is only up 10% in the last 24 hours, indicating quite low interest. Low trading volume and profit taking risk the BLUR price falling suddenly.

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

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

Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for quite some time and is currently covering all the latest updates and developments in the crypto industry.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

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