According to Forkast, CryptoSlam has detected at least $577 million worth of wash trades related to Blur since Blur began airdropping its native token BLUR to users on February 14. Scott Hawkins, a data engineer at CryptoSlam, said that the wash trades detected showed suspicious behavior, such as reselling NFTs at a price close to the initial transaction of the asset in a short period of time. This behavior suggests that some Blur users have been using different wallets to sell NFTs to themselves in order to obtain BLUR and accumulate airdrop points. Blur has no mechanism to prevent this. In fact, since there are no royalties paid, no market fees, and no obstacles to airdrop points except the rising Ethereum gas fees.
