Earlier today, analytics platform Lookonchain reported in an X post that a whale had 1.78 million Blur He sold his (BLUR) token for approximately 894 thousand dollars. shared. Lookonchain’s data showed that the person sold BLUR tokens at a price of $0.502.
After that, the whale spent $1.25 million to purchase 82,957 Chainlink (LINK) tokens at a price of $15.11. In total, the whale purchased a total of 193,438 LINK worth approximately $2.87 million at an average price of $14.82.
A whale sold 1.78M $BLUR for $894K at $0.502 and spent $1.25M to buy 82,957 $LINK at $15.11 4 hours ago.
The whale has bought a total of 193,438 $LINK($2.87M) at an average price of $14.82.https://t.co/fVcE3WSgEm pic.twitter.com/Ut35nLv0oS
NEWS CONTINUES BELOW— Lookonchain (@lookonchain) December 2, 2023
Looking at what the prices of these two tokens have been doing over the past day, it is clear that BLUR is definitely feeling the impact of the whale sell. At the time of writing, BLUR price is worth $0.5081, down 2.86% in the last 24 hours.
The token’s 24-hour trading volume stood at $157,264,198 after taking a hit of nearly 9% in the past day. Moreover, altcoin‘s market cap dropped to $569,483,761, ranking BLUR as the 82nd largest cryptocurrency by market cap. This placed BLUR just behind Chiliz (CHZ) in 81st place.
The token’s latest price stumble also reduced its weekly performance to -17.92%. Since reaching its all-time high price of $45.98 in February of this year, the altcoin’s price has fallen over 98% to trade at its current level.
On the other hand, the whale’s purchase of LINK may be one of the reasons behind the token’s more than 6% price increase in the past trading day. This pushed LINK’s weekly performance back into the green zone to +7%.