In the past 2 hours following the BLAST airdrop that caused the BLUR price to drop 12.44% (24H), four whales/institutions have unstaked and deposited 27.01M BLUR ($5.93M) to CEX at a total loss of $7.62M!

1. Smart ETH and MKR trader 0x828 deposited 9.52M BLUR ($2.0M) to Binance:

• transaction: 0x625ee468950f91902d88e178dd394db5af2607d4881bfe0ed90d76f8415064e1
• address: 0x82886ad5e67d5142d44ed1449c2e41b988bfc0ab

Notably, the trader allegedly bought those BLUR tokens from FalconX and Uniswap at an average price of $0.478 (estimated cost: $4.54M), on February 16 and November 21, 2023, and February 5, 2024, mostly on the local bottoms. However, the persistent drop in the price of BLUR lately caused the trader to close the trade at a big estimated loss of $2.56M (-56.1%).

Fig 1. Smart ETH and MKR trader 0x828's overall BLUR trading history (more details via this visualizer).

2. Whale 0x4aa deposited 8.39M BLUR ($1.89M) to Bybit:

• transaction: 0x34e38cc3026523d93106bc0064d054c5651e7a510ff369361a203704eed8ebaa
• address: 0x4aa29d0aec8c80cad432cc2e272ab2351b72b745

Notably, the whale withdrew those BLUR tokens from Bybit and Binance at an average price of $0.569 (estimated cost: $4.78M) between January 9 and May 8, 2024. If truly selling now, the whale realize an estimated loss of $2.89M (-60.5%) after nearly 6 months.

Fig 2. Whale 0x4aa's overall BLUR trading history (more details via this visualizer).

3. oilysirs.eth deposited 4.85M BLUR ($1.09M) to Binance:

• transaction: 0xb31e4aecb66cf18d8d132991ec36a76b977f58280839e4f8180f9983d942c2e6
• address: 0x723d64860fba8b27b5ef3dbdd7b52772bfb082ab

Notably, oilysirs.eth used to make $819K (+180%) from the first BLUR trade between February 15 and 19, 2023 (around the launch of BLUR) but just now realized an estimated loss of $2.08M (-64.4%) from the second BLUR trade. Hence, the whale's cumulative loss from BLUR stands at $1.26M (-34.2%).

Fig 3. oilysirs.eth's overall BLUR trading history (more details via this visualizer).

4. Sigil Fund deposited 4.25M BLUR ($946K) to Binance:

• transaction: 0xed9b7c3af8e47a2e617efa2e8e2d82a3a7729d35e326fbdf8a939a3cec4aef48
• address: 0x33a4c0070384725dbdf57edf3d179f6891124517
• This address belongs to the entity Sigil Fund

Notably, the VC started this BLUR trade on November 21, 2023, with a good entry. However, BLUR price consistently declining since February might have prompted the VC to close the trade at an estimated loss of $905K (-32%) now.

Fig 4. Sigil Fund's overall BLUR trading history (more details via this visualizer).