Blur (BLUR) is a cryptocurrency that gained a lot of attention and popularity shortly after its launch. However, according to the latest data, 98.88% of BLUR holders are losing money.
According to IntoTheBlock, an analytics firm, 98.88% of BLUR holders are losing money compared to the price at which they received their tokens.
The BLUR token received a lot of attention when it was first launched, with the value of BLUR increasing exponentially. and later The price of the BLUR token reached an all-time high of almost $45 shortly after its launch in February.
The Blur platform was first launched in October last year, and with the token airdrop, Blur quickly overtook OpenSea to become number one in terms of trading volume.
Blur’s trading activity has increased dramatically. This brought the market’s total capitalization in February to more than $2 billion. However, some locals viewed it as just washing trading.
However, Blur’s “success” is only temporary. As the overall market trading volume has “dropped” significantly in recent months and whales are experiencing losses or withdrawals from Blur’s NFT bidding pool.
The wallet with the most BLUR airdrops has decided to sell BLUR, according to a report from Lookonchain on July 4th.
As of now, the price of the BLUR token is down 99.29% from its all-time high of $45.48, with BLUR dropping to an all-time low of $0.296 on June 12.
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