- Machi Big Brother has been selling APE and buying BLUR since last year.
- BLUR has outperformed APE over the last 30 days.
- BLUR’s price might drop as low as $0.61 as it has become overbought.
According to Lookonchain, crypto investor Machi Big Brother has been selling ApeCoin (APE) and replacing it with Blur (BLUR). Based on the post shared on X, Machi bought 75,881 BLUR tokens on January 17.
However, that was not the first time he did. In August 2023, the investor bought $9.34 million worth of APE, and after the value rose to $10.4 million, he sold. Then, in November 2023, he purchased $6 million worth of BLUR from the profits at an average price of $0.51.
More BLURs, Fewer APEs
At press time, Machi owns 250,000 APE and has made $1.4 million in profits selling the token for BLUR.
Machi Big Brother continues to sell $APE and buy $BLUR!He started buying $BLUR on Nov 23, 2023 and has bought a total of 11.8M $BLUR($6M) at an average price of $0.51 so far.
Since August 2, 2023, he has bought 6.12M $APE($9.34M) from #Binance and #DEX at an average price of… pic.twitter.com/jJdH38B1ga
— Lookonchain (@lookonchain) January 16, 2024
Both BLUR and APE are…
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