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#binancelunchpoolblum #BLUM #BlumCrypto #BlumAirdrop #BinanceLaunchpoolHMSTR

The significant drop in the value of Blum Coin, from 104k to 37k, can indeed be alarming. Here are some potential causes for such a dramatic decrease:

1. **Official Channels**: Check Blum Coin’s official social media platforms, website, or community forums for any announcements or updates. Projects often communicate important information, including technical issues, updates, or other relevant news.

2. **Market Conditions**: Investigate whether there is a broader market downturn affecting cryptocurrencies in general, which could impact Blum Coin as well.

3. **Whale Activity**: Large holders, often referred to as "whales," might have sold significant amounts of Blum Coin, leading to a price drop.

4. **Technical Issues or News**: Sometimes, technical problems or negative news about the project can result in a sharp sell-off.

Based on the comments from the community, it seems there might have been a glitch related to Blum Coin’s platform or mini-app, which the project team has acknowledged and is presumably addressing. This kind of technical issue could temporarily impact the coin’s value.