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Massive Blur sell-offs continue days after airdrop announcement

Press Releases Crypto News AMB-Crypto Massive Blur sell-offs continue days after airdrop announcement

Over 19 million BLUR has been moved to the OKX exchange.
The number of token holders has remained high despite sell-offs.

A substantial amount of Blur [BLUR] tokens have been actively traded on exchanges following a recent airdrop. One of the recipients of the airdrop swiftly transferred all the received tokens to an exchange.

Now, the question arises: what impact has this movement had on the exchange’s balance?

Blur recipient moves tokens to exchange

Recent data provided by Lookonchain showed that the second-highest recipient of the Blur airdrop has successfully transferred all the received tokens to an exchange. The wallet in question received a total of 19.9 million tokens, valued at approximately $11.8 million.

The tokens were subsequently moved to the OKX exchange, where they were sold at an average rate of $0.44. As a result, it is anticipated that the address will receive around $8.77 million from the token sales.

One key consideration is whether these recent transactions have had an impact on the overall number of token holders.

Token holders spike to record-high

AMBCrypto’s analysis of the BLUR token holders revealed a notable surge in sentiment following the airdrop. The chart showed that around the 21st of November, the day the airdrop announcement was made, the number of token holders rose to over 44,000.

Before then, the count was around 42,000. As of the latest data, the number of holders has surpassed 47,000, although a slight decrease has been observed. This decline can be attributed to substantial sell-offs that have taken place since the occurrence of the airdrop.

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Author: Adewale Olarinde

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