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BLUR, a cryptocurrency backed by Paradigm, just lately gained important traction throughout the cryptocurrency universe because the token witnessed huge whale exercise as of at this time, November 27.

As per market information, whales transferred over 7 million BLUR to centralized exchanges like Binance and OKX.

The switch of cryptos to exchanges illustrates a potential surge in provide, thereby leading to a diminished demand for the cryptocurrency. Concurrent with the switch of cryptos to exchanges, the BLUR worth additionally witnessed a considerable fall on the time of writing.

A Closer Look Into BLUR Whale Activity

According to the info supplied by Spot on Chain, a platform facilitating blockchain monitoring, the BLUR worth witnessed a cool-down subsequent to the dumping of tokens to exchanges. Reportedly, a whale, 0x13d.., deposited 3.75 million BLUR to Binance and OKX at $0.629 roughly 4 hours in the past. The information portrayed that the pockets gathered these holdings from OKX at $0.535 two days in the past, hinting towards an estimated revenue of $353,000.

Furthermore, the second whale transaction that caught the eyes of crypto market lovers transferred 1.67 million BLUR to Binance roughly 6 hours in the past. The pockets handle, 0x387…, transferred $1.05 million value of BLUR to Binance at $0.629. Interestingly, the whale gathered these holdings from OKX at $0.375 5 days in the past, indicating an estimated revenue of $424,000. Furthermore, the pockets was discovered to be associated to orz-allinornothing.eth.

Besides the abovementioned transactions, a 3rd transaction stirred up speculations amongst crypto market lovers, transferring 1.75 million BLUR to OKX.

As per the info, Wintermute Trading, a number one crypto market maker, deposited 1.75 million BLUR to OKX roughly 12 and 9 hours in the past. Data portrays that the market maker deposited 4.25 million BLUR to Binance and OKX up to now two days.

The talked about switch of cash to exchanges seems to fall according to the current plunge witnessed by the token.

Also learn: Israeli Agencies Unearth Massive Tron Wallets Linked to Militant Financing

BLUR Price Plunges

At the time of writing, the BLUR worth witnessed a considerable fall of 12.12%, reaching $0.5274 at this time. However, the token showcased an outstanding surge of 54.11% over the previous week.

Besides, the twenty-four-hour buying and selling quantity additionally witnessed a 12.80% fall, reaching $358.95 thousand whereas writing.

The worth plunge within the token seems to return in alignment with the current dumping of cash to exchanges, displaying a rise within the whole provide of the cryptocurrency.

Also learn: OKX Unveils Crypto Exchange And Wallet For Seamless DeFi Access In Brazil

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