Could this be the dealer behind $BLZ? 🤔

Due to Binance's announcement today to delist BLZ, in the past half hour, a BLZ whale/institution transferred 156.5 million BLZ (about 15.89 million USD) to Binance, accounting for approximately 31% of the total supply of BLZ (total supply of 500 million) 😱

These BLZ were withdrawn by the whale/institution through 5 addresses from Binance between August 2023 and January 2024, with an average withdrawal price of $0.138. During this period, BLZ has already been pumped over 7 times.

Now, all these BLZ have been transferred to Binance. Is it preparing for a sell-off? Can the market really handle such a large volume? Or is it trying to do what past delisted coins did, and create a massive short squeeze? 🤔