Will this be the dealer behind $BLZ? 🤔

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

These BLZ were withdrawn by the whale/institution from Binance through 5 addresses between August 2023 and January 2024, with an average withdrawal price of $0.138.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 to sell off? Can the market really handle such a large amount? Or is it hoping to trigger a wave of short-selling like previous delisted coins? 🤔