BLUR Plunges by 33% Despite Endorsement from Arthur Hayes and Other Influencers

$BLUR is getting sold out heavily on the market despite the most recent endorsement

, a prominent token on the crypto market, has been recently endorsed by Arthur Hayes, the co-founder and former CEO of BitMEX. Hayes shared numerous hints on his Twitter account, where he hinted at the token's potential and made it clear that he decided to purchase it. The endorsement from Hayes caused a significant surge in the token's price, but it has since taken a downturn., the token has lost more than 30% of its value in the last 48 hours.

This could be a sign of large wallets actively taking profits after the recent distribution. The token has lost almost 90% of its value since its initial listing due to the high percentage of the supply being airdropped to users.The high percentage of the token's supply being airdropped to users has caused a significant problem for the stability of the token's price. With so many tokens in circulation, it is difficult for the token to maintain a healthy market price.

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