Arthur Hayesrecently purchased approximately 341,000 BLURs from an address starting with 0x62ac. Hayes’ recent acquisitions are closely followed by the community, as the famous entrepreneur has often managed to make double-digit earnings lately.
$BLUR The token has managed to attract the attention of large investors. This contributed to the volatile price performance. The price of the token fluctuated greatly, dropping from almost $5 to $0.4 in a matter of hours or even minutes.
#PeckShieldAlert Arthur Hayes labeled address has received ~341k $BLUR from 0x62ac…be1 https://t.co/wWNPoro8uv pic.twitter.com/wjLk06ugyo
— PeckShieldAlert (@PeckShieldAlert) February 16, 2023
NEWS CONTINUES BELOW
Despite the surge in investor interest, $BLUR is a relatively unrecognized project in the crypto space. However, recent investments from influential names like Hayes and other big whales have highlighted the token and its potential.
Koinfinans.com As we reported, the price performance of the token is directly related to its wide distribution through the airdrop mechanism, which leads to its low liquidity and increased volatility in its price. As major investors continue to show interest in the token, its price is likely to continue to fluctuate.
Of course cryptocurrency and in accordance with the nature of risky investments, there is always the risk of such fluctuations and rapid losses. For this reason, it is often important not to get caught up in the trends in social media. Although it is remarkable that famous names buy an asset, it can also cause great losses by triggering fluctuations.
BLUR is trading at $1, up 50% from the local low of $0.48 at the time of writing. The all-time high was $5.19, which only a small percentage of users were able to capture.