After Binance announced that it would delist an altcoin, the whale attracted attention by depositing 31% of the total supply into the exchange.
According to information shared by on-chain data provider Lookonchain, a whale deposited 156.5 million Bluzelles worth approximately $15.88 million on the Binance exchange in the last hour, equivalent to 31% of the total supply.
The BLZ assets in question were withdrawn from Binance at an average price of $0.14 between August 15, 2023 and January 30, 2024. However, considering the current market price, this investor appears to have lost $5.7 million on BLZ.
On the other hand, Binance announced today that it will delist BLZ on December 25, 2024. This situation has made the impact of this move of the giant investor on the market even more curious.
Analysts are speculating that this whale may have a plan to pump the price of BLZ and then dump it. The developments are being closely followed by crypto investors.
According to CoinGecko data, BLZ, which has fallen by 40% in the last 24 hours, is trading at $0.0846 at the time of writing.
stay tuned.