According to Foresight News, according to Ember’s monitoring, two Blur staking whales redeemed BLUR and transferred it to the exchange after receiving the BLAST airdrop (partially unlocked). Among them, the address starting with 0x8bc redeemed 12.52 million BLUR (worth about $2.71 million) from the Blur staking contract after receiving 1 million BLAST. Subsequently, the address transferred 8.04 million BLUR (worth about $1.74 million) to Binance. The address starting with 0x4aa also redeemed 8.39 million BLUR (worth about $1.79 million) from the Blur staking contract after receiving 1 million BLAST, and transferred it to Bybit.
For these two staking whales, this operation did not make any profit. Currently, 1 million BLAST is worth only $20,000, while their previous cost of purchasing BLUR was more than $0.5. The current market price of BLUR is only $0.22.
