đđMachi Big Brother's $3.13 Million BLUR Transfer Caused a 7% Price Drop on Binance đđ
Blur token's recent market movements have made a huge impact in the crypto community. Concerns increased among investors after a large amount of token transfers to Binance. The actions of the famous trader Machi Big Brother caused remarkable reactions in the market.
Machi Big Brother recently transferred 18.4 million BLUR tokens, worth approximately $3.13 million, to its Binance account. This massive transaction caused a rapid 7% drop in the token value. Investors began to fear that a possible sales wave could push prices down even further. The average selling price of the transferred tokens was recorded as 0.170 dollars.
This massive sell-off has increased caution in the investor community, raising expectations of further declines. When Machi Big Brother's other investments were examined, it was revealed that it suffered losses of around $1.5 million and $13.8 million, respectively, on 275 million Blast tokens and 8.8 million Friend tokens.
According to Santiment data, BLUR's number of active addresses peaked at over 16,000 at the end of June. However, in mid-July this number dropped sharply to approximately 2,445. Whale transactions, on the other hand, generally exhibited irregular increases, indicating short-term interest or certain events affecting market dynamics.
Despite price fluctuations, the number of BLUR holders continued to increase, reaching 56,800 in mid-July. BLUR's total supply has remained stable at 3 billion since mid-March, indicating a sustained interest and adoption rate without an inflationary deterioration in the user base.
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