TechFlow reports, according to spotonchain monitoring, that a whale has transferred 14.95 million BLUR tokens to the Binance exchange, worth approximately $2.18 million.
Chain data analysis shows that during last November's Blur and Blast airdrop frenzy, this whale withdrew the majority of these BLUR tokens from OKX at around $0.383 each (worth about $5.72 million) for staking purposes.
If sold now at $0.148 per token, this large holder would incur a loss of $3.54 million, representing a significant drawdown of 61.9%.
The user had unstaked two months ago when BLUR was priced at $0.209, but chose not to sell at that time.
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