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BLUR Whale Address Receives Significant Funding and Pledges It

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It is reported that the Lookonchain monitoring data showed that the BLUR whale address (beginning with \”Oxd945\”) received 33800 GMX (about US $2.55 million) fr…

BLUR Whale Address Receives Significant Funding and Pledges It

It is reported that the Lookonchain monitoring data showed that the BLUR whale address (beginning with “Oxd945”) received 33800 GMX (about US $2.55 million) from Coin An 10 hours ago and pledged it. Previously, the address purchased 4.19 million BLURs with 3000 ETHs, with an average purchase price of $1.21.

BLUR Giant Whale received $2.55 million worth of GMX from Coin An and pledged it

Interpretation of the news:


According to the Lookonchain monitoring data, a significant transaction occurred within the BLUR ecosystem. The BLUR whale address that begins with “Oxd945” received 33,800 GMX, which is the equivalent of approximately US $2.55 million, from Coin An just 10 hours ago. Moreover, it seems that this funding was immediately pledged by the address.

This development is noteworthy as the transaction involves a substantial amount of funds. Furthermore, the BLUR whale address is known to have previously acquired a significant amount of BLUR tokens using 3,000 ETH, which is an indication of the address’s strong interest in the project. The address had obtained 4.19 million BLURs at an average purchase price of $1.21.

It is difficult to ascertain the motives for the BLUR whale address’s move to purchase these tokens as there is no publicly available information on the identity of the individual or group behind the address. However, it is reasonable to assume that this move is a strategic one, especially considering the size of the investment. It is possible that the address believes that BLUR is undervalued, and that this investment will result in a significant profit in the long run.

It is also worth noting that BLUR has been making notable strides in its development recently. The blockchain platform has been implementing new features that improve usability and strengthen security. These include the addition of support for hardware wallets, the integration of a biometric-based authentication system, and the development of advanced smart contract functionality.

All in all, the transaction involving the BLUR whale address represents a significant movement of funds within the BLUR ecosystem. It remains to be seen whether this investment will pay off in the long run, but it serves as an indication of the address’s positive perception of the project.

In conclusion, the BLUR whale address has received a significant amount of funding, which it has pledged immediately. This move could be seen as a strategic one, considering the size of the investment, and BLUR has been making progress in its development, making the move a positive indication for the future of the project.

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