Crypto Outlooks
  • Bitcoin
  • Ethereum
  • Altcoins
  • Price Analysis
  • Exchanges
  • NFT
  • DeFi
  • Glossary
No Result
View All Result
Crypto Outlooks
No Result
View All Result
Home Altcoins

Alert: BLUR’s Price Falls 7.05% Amid Whale Sell-Off

Gary Flanders by Gary Flanders
2 years ago
Alert: BLUR's Price Falls 7.05% Amid Whale Sell-Off
  • BLUR token price drops 7.05% to a daily low of $0.4851.
  • BLUR’s trading volume falls by 39.40%, signaling reduced investor interest.
  • Large holders sell off 16.5 million BLUR, impacting market sentiment.

Today, as analysts and traders began their day on the trading floor, they observed a notable decrease in the price of BLUR . Data from CoinMarketCap indicates that BLUR has reached its daily low, trading at $0.4851, which represents a decline of 7.05% within a single day.

BLUR, priced at $0.4845, persists in its downward trajectory despite a short-lived effort to break free from the current downtrend. Additionally, the 39.40% decline in BLUR’s trading volume may suggest a change in the outlook of investors and a reduction in trading momentum.

Related

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024

Solana Faces $2.16M Liquidations Amid Crypto Market Volatility

The on-chain market analysis platform Lookonchain observed significant sell-offs by large-scale holders and big financial players, amounting to 16.5 million BLUR tokens. The platform pointed out that a major investor transferred 2.54 million BLUR, which they had received through an airdrop, to the Binance exchange. When this was reported, the value of the 2.54 million BLUR was calculated to be approximately $1.26 million.

Additionally, Mandala Capital transferred 2.76 million BLUR tokens to the OKX exchange and incurred a loss of around $100,000 in the process. A different large-scale investor, known by the identifier “0x68b5,” moved 3.31 million BLUR out of Binance over the period from November 25 to November 29. This investor then sent the tokens back to Binance within the subsequent two days, resulting in a financial setback of about $65,000.

Coinbase Custody transferred BLUR to five wallets, which then moved a combined amount of 8.24 million BLUR, worth around $4.12 million, to exchanges via Wintermute. This large-scale whale selling could have tipped the market balance to favor the bears over the bulls.

BLUR/USDT 1-Day Chart
BLUR/USDT 1-Day Chart (Source: TradingView) 

Observing the chart presented, it appears that the candlesticks could be forming a descending wedge pattern within an upward trend. The significant green candlestick followed by smaller red candlesticks correcting the price are among analysts’ frequently noted patterns.

Nonetheless, it remains premature to ascertain the occurrence of a descending wedge or determine if the breakout will be upward or downward. Given that the prior ascending trend was significantly driven by purchasing activity, as evidenced by the RSI indicator, it is possible that the candlesticks might persist in a downward trajectory for a duration.

Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.

Tags: AltcoinBinanceBLURLookonchainOKX
TweetShareShare
Gary Flanders

Gary Flanders

Passionate writer who is keenly exploring crypto and Blockchain loves to know about new things and explore what is happening in the world. Cherishes writing, primarily about cryptocurrency and Blockchain.

Read also

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024
Ethereum

Trump Backs Crypto at Bitcoin Conf; Ethereum Eyes $4454 in 2024

by Ian Pittman
11 months ago
Solana Faces $2.16M Liquidations Amid Crypto Market Volatility
Price Analysis

Solana Faces $2.16M Liquidations Amid Crypto Market Volatility

by Gary Flanders
12 months ago
Cardano Node 9.0.0 Launches, Preps for Conway Era and Decentralized Governance
Altcoins

Cardano Node 9.0.0 Launches, Preps for Conway Era and Decentralized Governance

by Gary Flanders
12 months ago
Bitcoin ETF Outflows Hit $35M; Market Sentiment Shifts
Bitcoin

Bitcoin ETF Outflows Hit $35M; Market Sentiment Shifts

by Ian Pittman
1 year ago
Ethereum ETF Launch Hopes Fuel Market Speculation Amid Volatility
Ethereum

Ethereum ETF Launch Hopes Fuel Market Speculation Amid Volatility

by Ian Pittman
1 year ago
Crypto Outlooks

Get insights on market trends, new developments, and expert analysis to help you make informed investment decisions.

Browse by Category

  • Altcoins
  • Bitcoin
  • DeFi
  • Ethereum
  • Exchanges
  • NFT
  • Price Analysis

Get Instant Notifications

Subscribe to our mailing list to receives latest updates direct to your inbox!

*we hate spam as much as you do

  • Glossary
  • Privacy Policy
  • Get in Touch

© 2025 CryptoOutlooks.com

No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Price Analysis
  • Exchanges
  • NFT
  • DeFi
  • Glossary

© 2025 CryptoOutlooks.com