When cryptocurrency onchain data is examined, it is seen that an altcoin whale closed a position with a huge loss.
According to the data, a major crypto whale transferred 14.95 million BLUR worth $2.18 million to Binance.
The whale in question purchased most of these BLUR tokens on OKX last November, when users were staking to get airdrops. At that time, the whale purchased $5.72 million worth of BLUR for an average of $0.383 for these tokens. According to the data, if this whale is indeed selling the tokens it transferred to Binance, it will have lost $3.54 million, or 61.9%, as the price of BLUR is $0.148 at the time of writing.
In addition, interestingly, this whale had unstaking the BLUR tokens in question two months ago, and at that time, the BLUR price was trading at $0.209. However, despite unstaking these tokens, the whale chose not to sell them at that time, which cost him dearly.
*This is not investment advice.
