BLUR, a crypto backed by Paradigm, experienced a surge in whale activity on November 27, with large holders transferring over 7 million BLUR to exchanges like Binance and OKX. This influx of tokens to exchanges suggests a potential increase in supply, leading to reduced demand and subsequently a significant drop in the BLUR price. Market data from Spot on Chain indicates that the price decline followed the movement of tokens to exchanges. Notable whale transactions involved deposits to Binance and OKX, with associated profits from previous holdings. Wintermute Trading, a crypto market maker, was also involved in transferring BLUR to
Blur, the native token of the NFT platform Blur, experienced a remarkable 30% surge in value, attributed to its recent Binance listing and a successful airdrop campaign. Binance’s convert feature, designed for retail users, played a crucial role in Blur’s recent success. This feature allows users to conduct asset transactions without relying on an order book. Following its listing on Binance, Blur’s price doubled, reaching an impressive $0.64 in just over a week. As of the latest update, Blur is trading at $0.6373, reflecting a 27.30% increase in the last 24 hours, with a notable 21.30% rise in trading volume.