• A whale sold 14.95 million BLUR tokens on Binance, suffering a $2.18 million loss.
  • The whale initially bought BLUR during the airdrop hype but missed higher selling prices.
  • BLUR’s price dropped 1.85% as trading volume surged by 81.90%, signaling increased market activity.

Recently, notable transactions have rippled through the cryptocurrency market, drawing considerable attention. A large-scale investor recently offloaded 14.95 million BLUR tokens on the Binance exchange. This sale, valued at approximately $2.18 million, resulted in a considerable financial loss for the investor.

Read CRYPTONEWSLAND on google news

BLUR Token Sale

It has been reported that the whale acquired these BLUR tokens at the height of the BLUR and BLAST airdrop rage, as announced by Spot On Chain. The tokens were heavily promoted then, and the market was full of activity. However, despite the initial surge in interest, the whale missed the opportunity to sell the tokens when prices were higher. By the time the whale decided to liquidate the holdings, the value of BLUR had decreased.

A whale just deposited 14.95M $BLUR ($2.18M) to #Binance at a huge loss!

The whale withdrew most $BLUR from #OKX at ~$0.383 ($5.72M) during last November's #Blur and #Blast airdrop hype to stake the tokens. If truly selling now at $0.148, the whale would lose $3.54M (-61.9%).… https://t.co/7f9un6syaA pic.twitter.com/tUjyzP6NCw

— Spot On Chain (@spotonchain) September 2, 2024

The whale initially withdrew the majority of these BLUR tokens from OKX during the height of the Blur and Blast airdrop hype. At that time, the tokens were valued at approximately $0.383, resulting in a total value of $5.72 million. The whale chose to stake these tokens, hoping to capitalize on potential gains.

BLUR Token Market Movements

BLUR’s price movement over the last 24 hours has recorded periods of both gains and losses, with a recent downward trend leading to the current price, indicating recent market activity and investor sentiment.

Whale Offloads 14.95M BLUR Tokens on Binance, Incurs $2.18M Loss image 0

Source: CoinMarketCap

According to CoinMarketCap,  as of the time of the writing, BLUR is trading at $0.1509, reflecting a 1.85% decrease in price over the last 24 hours. The market capitalization of BLUR is reported at $278,712,325, showing a slight decline of 1.73%.

The 24-hour trading volume has also significantly increased, rising by 81.90% to $34,082,708. The volume-to-market cap ratio reads 12.28%, indicating active trading relative to the market cap.

disclaimer read more

Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.