(Date: Monday 12 July 2024, 04:10 AM GMT):
In a notable move in the cryptocurrency market, Huang Licheng, also known as Machi Big Brother (@machibigbrother), has reportedly liquidated all his BLUR tokens, resulting in a significant loss. According to data from Spot on Chain, Licheng’s decision to dump 18.4 million BLUR tokens has cost him approximately $3.16 million.
Machi Big Brother (@machibigbrother) has allegedly dumped all $BLUR at a $3.16M loss!
— Spot On Chain (@spotonchain) July 12, 2024
In the past 24 hours, he deposited all 18.4M $BLUR ($3.13M) to #Binance, causing the price to drop after each deposit!
Note that his other notable holdings are not doing well either!… pic.twitter.com/fF8jH81jT4
Over the past 24 hours, Licheng deposited all his BLUR tokens, valued at $3.13 million, to Binance. This massive sell-off has had a noticeable impact on the token’s price, which dropped significantly after each deposit.
Licheng’s other notable holdings are also facing substantial losses:
- 275 million BLAST tokens valued at $4.45 million, with an estimated loss of $1.5 million.
- 8.8 million FRIEND tokens valued at $1.71 million, with an estimated loss of $13.8 million.
As of this writing, the BLUR token is trading at $0.01621, having dropped by 7.07% in the last 24 hours. The current market capitalization of BLUR stands at $280 million.
The cryptocurrency market continues to be highly volatile, and large movements like this by influential holders can have significant effects on token prices. Investors should stay informed and consider these factors when making their investment decisions.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
