Posted:
- Over 19 million BLUR has been moved to the OKX change.
- The variety of token holders has remained excessive regardless of sell-offs.
A considerable quantity of Blur [BLUR] tokens have been actively traded on exchanges following a latest airdrop. One of many recipients of the airdrop swiftly transferred all of the obtained tokens to an change.
Now, the query arises: what influence has this motion had on the change’s steadiness?
Blur recipient strikes tokens to change
Current information supplied by Lookonchain confirmed that the second-highest recipient of the Blur airdrop has efficiently transferred all of the obtained tokens to an change. The pockets in query obtained a complete of 19.9 million tokens, valued at roughly $11.8 million.
The tokens have been subsequently moved to the OKX change, the place they have been bought at a median price of $0.44. Consequently, it’s anticipated that the tackle will obtain round $8.77 million from the token gross sales.
One key consideration is whether or not these latest transactions have had an influence on the general variety of token holders.
Token holders spike to record-high
AMBCrypto’s evaluation of the BLUR token holders revealed a notable surge in sentiment following the airdrop. The chart confirmed that across the twenty first of November, the day the airdrop announcement was made, the variety of token holders rose to over 44,000.
Earlier than then, the rely was round 42,000. As of the most recent information, the variety of holders has surpassed 47,000, though a slight lower has been noticed. This decline will be attributed to substantial sell-offs which have taken place for the reason that incidence of the airdrop.
Supply: Santiment
Analyzing the Blur historic steadiness on OKX
An examination of the historic Blur steadiness on OKX revealed a diminishing quantity of tokens on the change. On the peak of the token influx, round 159 million tokens have been famous on the twenty first of November.
Supply: Santiment
Nonetheless, this quantity step by step decreased to round 13 million at press time. This development indicated a discount within the variety of tokens being despatched to exchanges on the market. Regardless of the latest surge in quantity, there was a common decline.
The sustainability of this quantity will turn into clearer within the coming days, notably after all of the airdropped tokens have been claimed.
Learn Blur’s [BLUR] PricePrediction 2023-24
Is an ARB correction incoming?
Evaluation of BLUR’s day by day timeframe confirmed a 72% improve for the reason that bulletins of its airdrop and itemizing on Binance [BNB]. Nonetheless, the previous two days have seen a consecutive lower in worth.
By the shut of buying and selling on the twenty fifth of November, there was a decline exceeding 7%. As of press time, it had decreased additional, albeit lower than 1%, with the token buying and selling at round $0.59.
Supply: TradingView