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A frenzy of whale activity has occurred in the world of cryptocurrency, specifically surrounding an altcoin. BLUR, which recently had its second airdrop, saw a significant accumulation by a whale. This important development has brought along expectations for the token, with some highlighting its potential to be the star of the next bull season. Let’s take a closer look at the details of this whale accumulation.
Whale Accumulation in Altcoin BLUR
In the past four hours, the BLUR ecosystem has witnessed intense whale activity due to strategic moves by two significant players. In particular, a whale address, 0x13d, withdrew 3.75 million BLUR from OKX approximately 35 minutes ago. The development was announced by Spot On Chain.
The withdrawn BLUR is equivalent to 2.01 million dollars. Simultaneously, another whale address, 0x602, withdrew 3.04 million BLUR, which is approximately 1.56 million dollars, from Upbit four hours ago.
Whale Buying Frenzy Reveals Accumulation Strategy of 24 Whales
It is stated that a total of 24 of these significant investors have been accumulating impressively since the second airdrop. The accumulated amount is worth 32.3 million dollars, representing approximately 60.8 million BLUR tokens.
This accumulation demonstrates that the BLUR cryptocurrency has become a playground for whales. Adding an intriguing layer to this accumulation is the fact that 59.6 million of the acquired tokens have been staked. Accordingly, the total value of the staked tokens amounts to 31.7 million dollars.
This whale activity not only highlights the increasing interest in BLUR but also signifies a strategic approach by these major players to secure their positions. As the BLUR ecosystem continues to evolve, the actions of these influential whales provide valuable insights into token accumulation and staking dynamics in the crypto space.
Following these developments, we observe that the price of BLUR is trading at 0.54 dollars per altcoin. The market value of the altcoin BLUR is approximately 1.636 billion dollars. Currently, there are 1.101 billion 607 thousand 495 BLUR in circulation. The active engagement of whales in accumulating altcoin BLUR has been interpreted as preparation for the next bull season.
It is known that cryptocurrencies with intense whale accumulations make strong advancements in the market. Therefore, the whale accumulation in BLUR underscores significant expectations for the token.
