Expectedly, $BLUR facing continuous selling pressure as more tokens will be dropped in the future
token has hit a new low, dropping below the $0.75 level for the first time in recent weeks. This comes as investors grow increasingly concerned about the potential for a further increase in the token's supply, which could put even more downward pressure on the price.tokens
, which will be distributed to existing token holders. While airdrops can be a great way to reward loyal investors and generate interest in a cryptocurrency project, they can also be problematic if the new tokens flood the market and create an oversupply situation.When new tokens are airdropped, they are typically given to existing holders in proportion to the number of tokens they already own.
In the case of BLUR, the upcoming airdrop has caused many investors to grow concerned about the potential for oversupply, leading to a decline in the token's value. Unfortunately, the endorsement
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