💰💰Binance Announced Delisting: Whale Moved 31 Percent of Supply, Price Crashed 💰💰

After Binance announced that it would delist an altcoin, a major whale made a remarkable move by depositing 31% of the total supply onto the exchange.

According to data shared by on-chain data provider Lookonchain, a whale deposited 156.5 million Bluzelles worth approximately $15.88 million, equivalent to 31% of the total supply, onto the Binance exchange in the last hour alone.

These Bluzelles (BLZ) assets were withdrawn from Binance at an average price of $0.14 between August 15, 2023 and January 30, 2024. However, considering current market prices, this investor has now lost approximately $5.7 million on BLZ.

On the other hand, Binance announced today that BLZ will be delisted on December 25, 2024. This development makes the effects of the big investor's move on the market even more interesting.

Analysts suggest that this whale may be planning to pump the price of BLZ and then make a big sale (dump). The developments are being closely monitored by crypto investors.

BLZ, which has fallen by 40% in the last 24 hours, is trading at $ 0.0846 at the time of writing.

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