Arman Shirinyan
Arthur Hayes significantly contributes to the potential success of the BLUR token.
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Arthur Hayes, a well-known crypto influencer and entrepreneur, received approximately 341,000 BLUR from an address beginning with 0x62ac. This comes as Hayes has been on a roll with his trading and investments, as all of the assets he has recently purchased have seen double-digit gains, resulting in large profits for him.
Large investors’ interest in the $BLUR token has increased significantly, contributing to its volatile price performance. The token’s price has fluctuated greatly, ranging from almost $5 to as low as $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
Despite the surge in investor interest, the $BLUR token is still relatively unknown in the crypto space. Recent investments from influential figures such as Hayes and other large whales, on the other hand, have drawn attention to the token and its potential.
The price performance of the $BLUR token can be attributed to its low liquidity and wide distribution via the airdrop mechanism, which has resulted in increased volatility in its price. As long as large investors remain interested in the token, its price is likely to fluctuate.
It is important to note that investing in cryptocurrencies can be extremely volatile and unpredictable, and that any investment should be thoroughly researched and understood before making a decision. While investments from influential figures such as Hayes can bring attention to specific tokens, it is critical to consider volatility spikes that could liquidate your existing positions.
At the time of writing, BLUR was trading at $1, representing a solid 50% recovery from a local low of $0.48. Only a small percentage of users were able to catch the all-time high of $5.19.
