Whale, which suffered great losses from its altcoin investment, is experiencing panic selling!

The cryptocurrency whale took action for the altcoin in which he lost millions of dollars.

According to data transmitted by the on-chain analysis platform Lookonchain, a cryptocurrency whale rolled up his sleeves to invest in Bluzelle (BLZ), which resulted in a loss of $1.07 million.

The data revealed that the investor in question deposited 5 million BLZ into the cryptocurrency exchange Binance on June 3.

This investor purchased 12.3 million BLZ worth $4.14 million from Binance at a cost of $0.34 about 2 weeks ago. After the transfer, he was left with 7.3 million BLZ worth $1.83 million.

According to CoinGecko data, BLZ, which has increased by 2.2% in the last 24 hours, is traded at $ 0.249 at the time of writing.

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