The Night Before BLZ's Collapse! Whales Are Selling Off Madly, 31% of Total Supply Flooded into the Market, Is the Doomsday Carnival Starting?
According to on-chain monitoring, affected by Binance's announcement of BLZ's impending delisting, a whale/institutional address just dumped 156.5 million BLZ (accounting for 31% of total supply) back to Binance in 30 minutes, worth about 15.89 million USD! What is this? A direct declaration of BLZ's exit 'nuclear button'!
What is chilling to think is that these BLZ were withdrawn from Binance through 5 addresses between August 2023 and January 2024, with an average price of 0.138 USD, and during that time the price was inflated over 7 times! It makes one wonder whether this operation is a liquidation run by deep-water whales or precise harvesting?
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