ChainCatcher news, according to on-chain data analyst Yu Jin's monitoring, it may be influenced by Binance's announcement today to delist BLZ. A certain BLZ whale/institutional address has transferred 156.5 million BLZ (approximately 15.89 million USD) to Binance in the past hour, which accounts for 31% of the total BLZ supply (total supply of 500 million).

These BLZ were withdrawn from Binance by the whale/institutional address through 5 addresses between August 2023 and January 2024. The average withdrawal price was 0.138 USD. During this period, BLZ has been increased by more than 7 times.