Arkham, a crypto data analyst, reported via Twitter today that Machibigbrother, a well-known trader in the crypto community, received a whopping $1.8 million from the $BLUR airdrop that took place yesterday.
The value of the tokens at the time of the drop was surpassed by over $1 million, and with the recent surge in the BLUR price, the current worth amounts to approximately $1.8 million.
According to the data analyst’s tweet, the big question is, how did Machi play the airdrop? The answer might surprise some, as he revealed that he sold all his tokens immediately.
As of now, he is not holding any $BLUR, which is in line with many other traders who also cashed out as soon as they received their tokens.
Machi’s quick decision to sell his tokens paid off, as he received $1.3 million for his 1.8 million BLUR tokens. He sold them at an average price of $0.707, which is a significant profit from the airdrop value of around $0.35 per token. Machi also mentioned that he had to make 38 separate transactions to completely sell all his tokens.
This news has generated a lot of interest in the crypto community, with many traders wondering if they, too, should have sold their BLUR tokens. Some traders are even regretting their decision to hold on to their tokens, as they could have made a significant profit like Machi did.
BLUR Gaining Attention
It’s worth noting that BLUR has gained attention recently, being listed on a number of top platforms in the past week alone. Well-known crypto exchanges, including KuCoin, Bybit, Coinbase, OKX, etc.
This surge in attention has been attributed to a combination of factors, including increased demand for privacy coins and a general bull market in the crypto space.
However, Machi’s quick decision to sell his $BLUR tokens has paid off handsomely, and it will be interesting to see how the BLUR price develops in the coming days and weeks.
Additionally, in terms of the token’s price movement, it is currently being traded at $0.9113; however, based on data from CoinMarketCap, both the daily and weekly charts indicate bearish trends with significant losses.
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