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Whale Selling Activity Alert: BLUR Faces Price Drop of 7.05%

Published 12/08/2023, 03:42 AM
Updated 12/08/2023, 03:45 AM
Whale Selling Activity Alert: BLUR Faces Price Drop of 7.05%

  • BLUR is trading at its intraday low of $0.4851 after witnessing a downfall of 7.05% in one day.
  • Lookonchain noticed a lot of selling activity from whales and institutional investors, totaling 16.5 million BLUR.
  • BLUR’s price correction may be moving in falling wedge pattern in an uptrend market.

Waking up to today’s trading floor, analysts and traders have noticed a significant drop in BLUR’s prices. According to CoinMarketCap, BLUR is trading at its intraday low of $0.4851 after witnessing a downfall of 7.05% in one day.

BLUR, valued at $0.4845, continues to move downward while making a brief attempt to escape this bear trap. Furthermore, the 39.40% tumble in BLUR’s trading volume could indicate a shift in investor sentiment and a slowdown in market activity.

Lookonchain, an on-chain market analytical platform, noticed a lot of selling activity from whales and institutional investors, totaling 16.5 million BLUR. Highlighting the selling activity of these whales, the platform reported that a whale deposited the airdropped 2.54 million BLUR to Binance. At the time of reporting, it was est…

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