|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
BLUR Price Nosedives as Whales Capitulate, Incurring Millions of Dollars in Losses
Jun 28, 2024 at 10:33 pm
This transaction is part of a trend observed following the Blast airdrop, which caused BLUR's price to plummet.
A whale has reportedly lost $5.79 million after accumulating BLUR tokens over several months and selling them at a 61% loss.
According to Spotonchain analysis, the whale began accumulating BLUR tokens in December 2023 at an average price of $0.54 per token. However, the whale sold the tokens on June 28, 2024, at a price of $0.21 per token, as indicated by on-chain data. At the time of sale, the total value of the tokens was $3.71 million.
Spotonchain’s analysis also revealed that five whales had moved 44.73 million BLUR tokens (around $9.63 million) to centralized exchanges (CEXs) over the past two days, resulting in a collective loss of $13.4 million. The analysis also highlighted the broader market trend, with BLUR continuing to fall after the Blast ecosystem airdrop.
BLUR’s price has seen a significant decline following the recent Blast ecosystem airdrop, which sparked a surge in the NFT marketplace aggregator's token price. However, the price quickly reversed course, and the recent transaction by a whale accumulating the token during its price surge might indicate an attempt to minimize losses.
Blur has been introducing various activities to drive adoption, including incentives for earning points through bidding, listing sales, and lending. Current Coinmarketcap data showed that BLUR’s price has increased about 1.1% in the last 24 hours. However, its year-on-year price is still down over 41%, and its 24-hour trading volume is down almost 67%.
Blur is an NFT marketplace aggregator founded by Pacman, who is also the founder of Blast (a platform that enables the interactions among Layer 2’s on Ethereum). However, the former's native token is BLUR, while the latter's is BLAST.
Hence, any events concerning Blur and its token affect Blast and vice versa. According to Coinmarketcap data, BLAST’s price and trading volume are down 5.26% and 64.8% in the last 24 hours. The BLAST token launch followed the Blast Foundation launch, with the BLAST token debuting at $3B in fully diluted value (FDV).
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- HBAR Foundation Calls for Renaissance, Marking October 3, 2024 on the Calendar
- Sep 24, 2024 at 06:35 am
- A 28-second clip, titled ‘Renaissance,’ suggested the community mark their calendars for October 3, 2024. Originally posted by Axelar Network
-
- Shiba Inu (SHIB) Whale Scores a New $1.07M Profit Via SHIB Rival Meme Coin Neiro (NEIRO)
- Sep 24, 2024 at 06:25 am
- An early investor of Shiba Inu (SHIB), has scored a significant profit via a SHIB rival meme coin. This unrealized profit in just five days by capitalizing on
-
- BlockDAG Emerges as a Contender in the Cryptocurrency Sphere, Challenging Stellar (XLM) and Solana (SOL)
- Sep 24, 2024 at 06:25 am
- In the cryptocurrency sphere, there's always fresh news to discover. Today, we delve into recent developments among digital currencies that are capturing attention.
-
- BNY Mellon Secures SEC Approval for Bitcoin Custody and Institutional Crypto Services, Paving the Way for Widespread Adoption of Tokenization
- Sep 24, 2024 at 06:25 am
- In a groundbreaking development, BNY Mellon, the world's largest custodial bank, has secured approval from the U.S. Securities and Exchange Commission (SEC) to offer Bitcoin custody and institutional crypto services.
-
- BlockDAG, SUI, and Helium Make Waves in the Altcoin Market, Signaling Strong Movements
- Sep 24, 2024 at 06:25 am
- This week, the altcoin universe buzzed with significant news from BlockDAG, SUI, and Helium. SUI forecasts anticipate another surge after a robust 20% increase
-
- Solana (SOL) Inspires Confidence with a 12.9% Jump, While JetBolt (JBOLT) Shines as a Potential New Coin to Explode
- Sep 24, 2024 at 06:15 am
- With a sudden 12.9% jump, Solana (SOL) is inspiring a great deal of confidence among crypto investors. Not to be outdone, JetBolt (JBOLT), a new project that's still in its early phase continues to shine, even giving early cues that it may be the next coin to explode.
-
- South Korean Lawmakers Reveal Their Crypto Wallets Now Contain Only 'Crypto Debris' After Selling Most of Their Assets
- Sep 24, 2024 at 06:15 am
- This phenomenon adds to the complexity of the political situation in South Korea, where public trust in the integrity of state officials is being tested.
-
- SUI Blockchain (SUI), Solana (SOL), and DTX Exchange (DTX) Prepare for Massive Gains as Bulls Take Hold Following Fed Rate Cut Announcement
- Sep 24, 2024 at 06:15 am
- The Federal Reserve is lowering interest rates in the current bull run. This action is causing an impact on various financial markets. This step is leading to increased liquidity in the market, potentially boosting the value of cryptocurrencies as investors seek higher returns.
-
- Bitget Announces Multi-Million Dollar Partnership with Spanish Iconic Football League La Liga
- Sep 24, 2024 at 06:15 am
- The announcement was made at Singapore's 2049 Token event, making Bitget the official partner of the La Liga crypto.