Blur soars 83% this week🚀
Historically, massive token releases like Blur’s increase selling pressure that, in turn, pulls down the asset’s price. Such was the case for crypto assets like ApeCoin (APE) and Optimism (OP), whose values plummeted 16% and 12%, respectively, following their token releases in August.

However, BLUR has defied the norm and continued to soar. Davis said the asset’s unusual reaction could be due to “bull market vibes” from the crypto space. While the crypto influencer’s remarks may be speculation, analysts have confirmed that bull market patterns have begun to appear.

Bitfinex found certain behavior in several investor cohorts, suggesting we may be in the initial stage of a bull market. The market is seeing low sell-side liquidity as large and long-term BTC holders have refused to let go of their assets, indicating a strong belief that there may be more room for the price to rise. These claims are substantiated by the effects of the upcoming Bitcoin halving event.
#BTC #Blast #Blur