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- More than 19 million BLUR were moved to the OKX exchange.
- Despite the sale, the number of token holders remained high.
Following the recent airdrop, a significant amount of Blur (BLUR) tokens have been actively traded on exchanges. One of the airdrop recipients quickly transferred all the tokens he received to the exchange.
Now a question arises: How have these movements affected exchange balances?
Blur recipients move their tokens to exchange.
Recent data available: Look on chain It turns out that the person who received the second largest number of Blur airdrops successfully transferred all of the tokens he received to the exchange. The wallet in question received a total of 19.9 million tokens, worth approximately $11.8 million.
The tokens were then moved to the OKX exchange and sold for an average price of $0.44. As a result, the address is expected to receive approximately $8.77 million from the token sale.
One of the key considerations is whether these recent transactions have impacted the overall number of token holders.
The number of token holders has reached an all-time high.
AMBCrypto’s analysis of BLUR token holders shows a noticeable surge in sentiment following the airdrop. The chart shows that the number of token holders increased to over 44,000 around November 21st, when the airdrop was announced.
Before that, the number was around 42,000. Based on recent data, the number of holders exceeded 47,000, but showed a slight decrease. This decline can be attributed to the significant selling that occurred following the airdrop.
Source: Santiment
Blur historical balance analysis on OKX
An examination of OKX’s historical Blur balances showed that the amount of tokens on the exchange was decreasing. At the peak of token inflows on November 21, approximately 159 million tokens were recorded.
Source: Santiment
However, this volume has gradually declined to approximately 13 million at press time. This trend indicates a decrease in the number of tokens being sent to exchanges for sale. Despite the recent surge in volume, it is showing an overall decline.
The sustainability of this volume will become clearer in the future, especially after all airdropped tokens have been claimed.
Read Blur (BLUR) price prediction for 2023-24
Is there an ARB fix coming?
BLUR’s daily period analysis shows a 72% increase following the airdrop and Binance (BNB) listing. However, the value has been falling for the past two days in a row.
By the close of trading on November 25, it had fallen in excess of 7%. As of press time, the token’s trading price is around $0.59, down less than 1%, but further down.
Source: TradingView