Mandala Capital just withdrew 1.98M BLUR ($990K) from OKX at $0.499:

• transaction: 0xa8e3ca639d99cf9f7aa3ba093f438f06272796d2027976e4e73b1370c476c1c3
• address: 0xa357f162fe9c383edeee81fbc905c4bc7fca166f
• This address belongs to the entity Mandala Capital

Notably, this is VC's first BLUR activity in 8 months.

Previously, Mandala Capital:

• accumulated 2.126M BLUR from OKX and Cow Protocol at an average price of $1.029 (estimated cost: $2.19M) between February 15 and 25, 2023
• then provided liquidity to Uniswap and further accumulated 1.04M BLUR from the pools
• allegedly sold all 3.167M BLUR via OKX and Cow Protocol at an average price of $0.467 ($1.48M) between February 27 and March 13, 2023, at a loss, based on the price chart of VC's activities.

The BLUR price pumped 29.33% in the past 24 hours.

Fig 1. Mandala Capital withdrew 1.98M BLUR ($990K) from OKX just now.

Fig 2. Mandala Capital's previous BLUR trading cycle (direct swaps/deposits to exchanges only).