Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»BLUR price plunges 10% in 24 hours – are holders losing interest?
ALTCOIN NEWS

BLUR price plunges 10% in 24 hours – are holders losing interest?

By Crypto FlexsDecember 8, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BLUR price plunges 10% in 24 hours – are holders losing interest?
Share
Facebook Twitter LinkedIn Pinterest Email
  • The price of BLUR fell by almost 10% on December 7th.
  • This is due to increased selling by token whales and institutional investors.

The price of BLUR experienced a significant decline during the trading session on December 7, plummeting nearly 10% in one day.

According to on-chain detective Lookonchain, the sharp drop in altcoin values ​​is due to a surge in selling activity by BLUR whales and institutional investors. On this day, they cumulatively distributed 16.85 million tokens worth about $8 million.

1/ Price $BLUR It’s down about 8% today and I noticed a lot of whales/institutions selling. $BLURTotal 16.85 million $BLUR($8.43 million). pic.twitter.com/7MKqrRMq0y

— Lookonchain (@lookonchain) December 7, 2023

Lookonchain discovered that private equity fund Mandala Capital had deposited 2.76 million BLUR tokens worth $1.4 million on cryptocurrency exchange OKX. The transaction resulted in a loss of approximately $100,000 for the company.

Additionally, five wallets that received BLUR tokens from Coinbase Custody deposited them to various exchanges through Wintermute. This series of transactions involved 8.24 million BLUR tokens worth more than $4.12 million.

Another whale, which withdrew some of its BLUR holdings from Binance between November 15 and 29, returned them to the exchange within the last two days and suffered a loss of $65,000.

Low interest in holding BLUR

Although the value of BLUR has since recorded a slight upward correction, the price/volume differential seen over the past 24 hours suggests that bearish sentiment remains in the token spot market.

At press time, the altcoin was trading at $0.5024 and has seen a 2% price increase over the last 24 hours. CoinMarketCap. However, over the same period, the token’s trading volume decreased by almost 15%.

BLUR’s price and volume moving in opposite directions during the same period indicates a bearish divergence.

This means that a small group of investors can purchase altcoins to boost the price, especially after significant selling by whales. But there is little wider market interest.

An evaluation of BLUR’s Money Flow Index (MFI) on the daily chart confirms that interest in the token is low. At the time of press, the value of this indicator was 28.63 and in a downward trend.

At this value, the token’s MFI signaled that BLUR distribution far exceeds accumulation among day traders.


How much is 1,10,100 BLUR worth now?


BLUR’s Aroon Up Line (orange) was at 0% at the time of this writing, showing that the 2% price rise over the last 24 hours was not supported by actual demand for the token.

This indicator is used to identify trend strength and potential trend reversal points in the price movements of crypto assets. If an asset’s Aroon Up Line is close to 0, the upward trend is weak. It also suggests that the most recent peak was reached a long time ago.

Source: TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

ZBCN is tradable!

October 15, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Chinese woman pleads guilty ahead of trial in $7 billion British Bitcoin fraud case

October 15, 2025

XMoney Launches $XMN On Sui, Expands Listings Across Global Exchanges

October 15, 2025

ZNB) STRENGTHENS BALANCE SHEET WITH USD 231 MILLION BITCOIN-BACKED INVESTMENT AMID MARKET TURBULENCE

October 15, 2025

XRP price falls 6% as market crash causes whales to flee

October 15, 2025

US government holds $36 billion in Bitcoin after largest confiscation in history

October 15, 2025

Decoding City Protocol’s IP Capital Market

October 14, 2025

Tria Raises $12M To Be The Leading Self-custodial Neobank And Payments Infrastructure For Humans And AI.

October 14, 2025

How to Use Google Gemini to Analyze Crypto Coins Before Investing

October 14, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ZBCN is tradable!

October 15, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025

Chinese woman pleads guilty ahead of trial in $7 billion British Bitcoin fraud case

October 15, 2025
Most Popular

Devconnect Istanbul Cowork tickets are now available!

December 1, 2023

Korean authorities investigate cryptocurrency hacking and illegal trading on exchanges

April 9, 2024

Andrew Kang sells 75% of Harambe NFTs to DAO for $5 million so they can be tokenized.

March 11, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.