Two major BLUR staking whales received BLAST airdrops and redeemed BLUR and transferred it to exchanges, suffering heavy losses

According to TechFlow, on-chain data analyst Yu Jin monitored that two BLUR staking whales redeemed their BLUR and transferred it to the exchange after receiving the BLAST airdrop. However, the two whales suffered heavy losses in this operation: 1 million BLAST is currently worth only $20,000, while their BLUR costs are all above $0.5, and the current BLUR price is only $0.22.

Among them: After the address 0x8bc...7be received 1 million unlocked BLAST, it redeemed 12.52 million BLUR (about 2.71 million US dollars) from the Blur staking contract, and transferred 8.04 million BLUR (about 1.74 million US dollars) to the Binance Exchange; after the address 0x4aa...745 received 1 million unlocked BLAST, it redeemed 8.39 million BLUR (about 1.79 million US dollars) from the Blur staking contract and transferred it to the Bybit Exchange.