Machi Big Brother Allegedly Dumps Last 5M BLUR on Binance: A Deep Dive into His BLUR Activities
In a significant move, Machi Big Brother has reportedly deposited the remaining 5M BLUR (worth $816K) to Binance:
Transaction: 0xc41a8c7a810b33010c578d26765148591d69948f5bbd300f063b257fe8c23a47
Address: 0x020ca66c30bec2c4fe3861a94e4db4a498a35872
Summary of Machi Big Brother's BLUR Activities
1. The Airdrop Phase:
Received: 1.848M BLUR from the airdrop on February 15, 2023.
Sold: Immediately sold for $1.31M worth of USDT and ETH on February 15 and 16, 2023.
2. Deposits to Binance:
In total, deposited 18.4M BLUR via 7 transactions to Binance at an average price of $0.17 ($3.13M) in the past 20 hours, allegedly causing the price to drop after each deposit.
3. The Profitable Trade:
Bought: 350,000 BLUR using 159,911 USDC and 16.13 ETH (total cost: $186K) at an average price of $0.53 on March 11 and 13, 2023.
Sold: Sold for 115 ETH (then $206K) at an average price of $0.589 on March 31, 2023.
Profit: Realized an estimated profit of $20.65K (+11.1%).
4. The Big Loss:
Accumulated: 12.446M BLUR at an average price of $0.507 (estimated cost: $6.30M) between November 24, 2023, and June 19, 2024.
Staked: Sent all tokens to the "Blur: Staking" contract to earn more tokens.
Received: 18.47M BLUR (then $2.71M) from the staking contract on July 5, 2024.
Deposited: Deposited them via Binance and CowSwap at $0.17 on average ($3.14M) in the past 6 days.
Loss: Realized an estimated loss of $3.16M (-50.2%).
Current Holdings and Losses
BLAST: Holds 280M BLAST ($4.53M) with an estimated loss of $1.56M (-26%).
FRIEND: Holds 8.8M FRIEND ($1.71M) with an estimated loss of $13.8M (-79.8%).
Machi Big Brother's ventures with BLUR have led to an estimated cumulative loss of $1.83M.
