TechFlow reports, according to Lookonchan's monitoring, a whale wallet deposited 12.16 million BLZ (worth approximately $1.45 million) to Binance today, causing the price of BLZ to drop by about 14%.
Currently, three whale wallets hold a total of 134.5 million BLZ (worth approximately $16.2 million, accounting for 27% of the total supply). Specifically:
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Wallets starting with 0xBf2B and 0xE8F1 likely belong to the same whale, which purchased 109.8 million BLZ (worth approximately $13.22 million, or 22% of total supply) from Binance during the $BLZ price surge in August. This whale is currently in profit.
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The wallet starting with 0xCc82 withdrew 24.75 million BLZ (worth approximately $2.98 million) from Binance on September 26 when the price was $0.19. Notably, this wallet bought BLZ on Binance on the same day as today’s selling whale—very likely the same entity. Therefore, this wallet likely dumped its BLZ holdings at a loss.
