BitMEX Founder Arthur Hayes Buys BLUR Hype, But Price Risks Falling Soon

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.

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.

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.

(By Varinder Singh)

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