Large Amount of Bluzelle (BLZ) Deposited to Binance…31% of Supply
Son Min
Summary
- An anonymous whale reportedly deposited an amount equivalent to 31% of the total supply of Bluzelle (BLZ) to Binance.
- The whale is reportedly incurring a loss of about $5.7 million at the average price of $0.14 for Bluzelle.
- Following Binance's delisting announcement, there is a suggestion to consider the possibility of a pump-and-dump with Bluzelle.
Amid Binance's announcement of delisting Bluzelle (BLZ), a whale has deposited a large amount of BLZ to Binance.
On the 17th (local time), Lookonchain reported on X that "an anonymous whale deposited 156.5 million BLZ ($15.88 million) to Binance," stating that "this is 31% of the total supply." It further mentioned, "The average cost of these holdings is $0.14, indicating the whale is incurring a loss of about $5.7 million," suggesting that the whale might be planning a pump-and-dump scheme with BLZ.
Previously, Binance announced on its official website that it would delist the spot trading pairs of Bluzelle, Akropolis (AKRO), and WazirX (WRX) on the 25th.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit