Back to the list

BLUR’s Price Drops After Whale’s $894K Sale, LINK Climbs 6+%

source-logo  coinedition.com 02 December 2023 14:41, UTC

Earlier today, the on-chain analytics platform Lookonchain shared in an X post that a whale sold 1.78 million Blur (BLUR) tokens for about $894K. Lookonchain’s data indicated that the person sold the BLUR tokens at a price of $0.502.

After this, the whale spent $1.25 million to buy 82,957 Chainlink (LINK) tokens at a price of $15.11. In all, the whale has bought a total of 193,438 LINK, worth approximately $2.87 million, at an average price of $14.82.

A whale sold 1.78M $BLUR for $894K at $0.502 and spent $1.25M to buy 82,957 $LINK at $15.11 4 hours ago.

The whale has bought a total of 193,438 $LINK($2.87M) at an average price of $14.82.https://t.co/fVcE3WSgEm pic.twitter.com/Ut35nLv0oS

— Lookonchain (@lookonchain) December 2, 2023

Taking a look at what the prices of these two tokens did throughout the past day, it is clear that BLUR has certainly felt the impact of the whale’s selloff. At press time, CoinMarketCap indicated that BLUR was worth $0.5081 after its price dropped by 2.86% in the past 24 hours.

BLUR / Tether US 1D (Source: TradingView)

The token’s 24 hour trading volume settled at $157.264,198 after it also took a knock of about 9% in the past day. Additionally, the altcoin’s market cap ended up dropping to $569,483,761, which ranked BLUR as the 82nd largest cryptocurrency by market cap. This placed BLUR right behind Chiliz (CHZ) in the 81st spot.

The token’s latest price stumble also ended up pushing its weekly performance down to -17.92%. Since reaching its all-time high price of $45.98 in February of this year, the price of the altcoin has dropped by over 98% to trade at its current level.

LINK / Tether US 1D (Source: TradingView)

On the other hand, the whale’s acquisition of LINK could be one of the reasons behind the token’s more than 6% price increase over the past day of trading. This ended up flipping LINK’s weekly performance back into the green zone to +7%.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.