BLUR Price Dips as Whales Transfer 7 Million BLUR to Binance and OKX

Crypto News– BLUR, a cryptocurrency supported by Paradigm, recently garnered significant attention in the crypto space as it experienced notable whale activity on November 27.

According to market data, whales executed transfers exceeding 7 million BLUR to centralized exchanges such as Binance and OKX.

BLUR Price Dips as Whales Transfer 7 Million BLUR to Binance and OKX

The movement of cryptocurrencies to exchanges suggests a potential increase in supply, consequently dampening demand for the cryptocurrency. Coinciding with this transfer to exchanges, the BLUR price observed a substantial decline at the time of reporting. Spot on Chain, a blockchain tracking platform, provided data indicating a cooldown in the BLUR price following the token dump on exchanges.

A notable transaction involved a whale with the address 0x13d…, depositing 3.75 million BLUR to Binance and OKX at approximately $0.629 four hours ago. The data reveals that the wallet had acquired these holdings from OKX at $0.535 two days prior, suggesting an estimated profit of $353,000.

In another noteworthy whale transaction, 1.67 million BLUR was transferred to Binance six hours ago. The wallet address 0x387… sent $1.05 million worth of BLUR to Binance at $0.629. Interestingly, the whale had acquired these holdings from OKX at $0.375 five days ago, indicating an estimated profit of $424,000. Furthermore, the wallet was found to be associated with or-all-or-nothing. eth.