BLUR price drops 30% after Blur creator goes public

Blur’s anonymous founder decided to make his personal information public after building a community over the past 401 days. Blur co-founder Pacman Blur explains his decision and shares some information about his past.

In his tweet, Pacman explained that when he and his team started working on Blur, he didn’t decide whether to work anonymously or use his real name. However, his colleague Anish Agnihotri convinced him to use a pseudonym because he would have the option to reveal his identity later if he wanted to.

Pacman went on to explain that he enjoyed the privacy of anonymity when he was building Blur, but now that the community has grown exponentially, he no longer has the ability to make as many personal calls as he used to. So he decided to reveal his identity.

During the reveal, Pacman shared some details about his background. He dropped out of high school at 17 to attend Y Combinator, studied math and computer science at MIT, and left MIT on a Thiel Scholarship to start Namebase. He eventually sold Namebase to Namecheap, and Pacman became synonymous with his online identity.

Pacman also stated that he will continue to call himself Pacman and use his vtuber for calls. He expressed excitement about continuing to build Blur with the community and grow NFTs together.

This move by Pacman makes sense, as anonymity is a common practice in the world of cryptocurrencies and NFTs, with many creators preferring to work under pseudonyms. However, Pacman’s decision to reveal his identity demonstrates his confidence in the community he has built and his commitment to its growth and success.

The Blur community welcomed Pacman’s revelations, with many members expressing their support and admiration for his work. Pacman’s decision to move forward may inspire others in the NFT community to do the same and create stronger connections in the industry.

According to data from, on Wednesday, February 15, Blur’s daily Ethereum transaction volume surpassed that of OpenSea for the first time. Transaction volumes on the Blur platform have increased with the launch of its native token, intensifying competition between Blur and OpenSea in the NFT market. Kyptos recently reported on this development.

blur price drop

BLUR, which was recently backed by BitMEX co-founder and former CEO Arthur Hayes.

Hayes shared a number of tips on his Twitter account, where he hinted at the potential of the token and made it clear that he has decided to buy it. Hayes’ endorsement sparked a massive spike in the token’s price, only to drop again.

Unfortunately for BLUR, the token has lost over 30% of its value in the past 48 hours. This could indicate that major wallets are actively taking profits following the recent distribution. The token has lost nearly 90% of its value since its initial listing due to the high supply allocated to users.

The speed at which airdrop token supply is airdropped to users significantly affects the stability of token prices. With so many tokens in circulation, it is difficult to maintain a stable value.

Large wallets taking profits could also indicate a lack of confidence in the coin’s long-term potential.

Source: TradingView

Despite the recent Hayes endorsement and the potential of the token, it appears that BLUR has a long way to go before it becomes a stable and profitable investment.

The recent price drop may indicate that the market remains cautious about the token’s fundamentals and future prospects.

  • Blur Announces Requirements for Season 2 Airdrops
  • Blur’s token airdrop drives up gas prices and massive ETH burns

board take

according to Kyptos

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