BLZ Giant Whale Goes Crazy with Sales! 31% of Circulation Flows into Binance in Half an Hour, Is a Market Storm Coming?
On December 18, according to on-chain analyst Yu Jin's monitoring, influenced by Binance's announcement to delist BLZ, a BLZ giant whale/institution crazily transferred 156.5 million BLZ to Binance in just half an hour, worth about 15.89 million USD, accounting for 31% of the total supply of BLZ! (Total supply is 500 million)
Even more astonishing is that this BLZ was extracted by this giant whale/institution from Binance through 5 addresses between August 2023 and January 2024, with an average extraction price of only 0.138 USD, while during this period, BLZ had been pumped up over 7 times. In other words, this transfer is almost a liquidation operation!
The market speculates that this may be the whale's direct reaction to Binance's delisting or may signal the beginning of a large-scale sell-off. The current market sentiment is delicate; whether such volume will create a fatal impact on the price is worth close attention!
The delisting news has landed, and the giant whale's movements are like 'hidden thunder.' Whether holding or waiting, please be sure to remain cautious and avoid chasing highs and cutting lows during emotional peaks. Follow Brother Jiang closely, guiding you through the fog to find the next oasis!
