Transfers made by the giant cryptocurrency market maker DWF Labs through Binance and Bluzelle wallets brought a decrease in the price of BLZ.
DWF Labs’ transfers on BLZ triggered a drop in price. On-chain analytics platform Lookonchain according to 2 newly opened different wallets were transferred from Binance in a short time, in total. 6.85 million dollar worth 36.9 million BLZ pulled.
Then the market maker takes action, first 1 million dollars worth BLZ then transferred to Binance for testing purposes 10 BLZ transferred. After this process, DWF Labs made a few more moves and removed the total amount from Bluzelle’s main wallet. 2 million in return $2.24 million worth 11.46 million BLZ got it. over-the-counter market (OTC) Cost per unit in this purchase made at the price 0.1745 dollar It was announced as.
Not only that, the market maker transferred all the BLZs he purchased to Binance. Finally, he has a little less than he invested in Binance. 10.5 million BLZ The company, which withdrew it, is back on the stock market today. deposited.
The moves in question are a confusion in his mind It is thought to be the cause. When BLZ invests and sends it to Binance, market maker It was thought that it would be used as Subsequent transfers increase the possibility of a sale. to be taken into consideration And to mess around led.
According to CoinGecko data, the BLZ price dropped sharply during the said transactions. $0.192 from level 15%BLZ, which experienced a decrease of more than to $0.162 declined. BLZ, at the time of writing from $0.1655 is being traded.