The post BLUR’s Price Drops After Whale’s $894K Sale, LINK Climbs 6+% appeared on BitcoinEthereumNews.com.

Earlier today, a whale sold 1.78 million BLUR and spent $1.25 million to buy 82K LINK tokens. At press time, BLUR’s price was down by 2.86%, which left the altcoin trading at $14.82. The whale’s purchase of LINK could be behind the token’s more than 6% price increase over the past day. Earlier today, the on-chain analytics platform Lookonchain shared in an X post that a whale sold 1.78 million Blur (BLUR) tokens for about $894K. Lookonchain’s data indicated that the person sold the BLUR tokens at a price of $0.502. After this, the whale spent $1.25 million to buy 82,957 Chainlink (LINK) tokens at a price of $15.11. In all, the whale has bought a total of 193,438 LINK, worth approximately $2.87 million, at an average price of $14.82. Taking a look at what the prices of these two tokens did throughout the past day, it is clear that BLUR has certainly felt the impact of the whale’s selloff. At press time, CoinMarketCap indicated that BLUR was worth $0.5081 after its price dropped by 2.86% in the past 24 hours. BLUR / Tether US 1D (Source: TradingView) The token’s 24 hour trading volume settled at $157.264,198 after it also took a knock of about 9% in the past day. Additionally, the altcoin’s market cap ended up dropping to $569,483,761, which ranked BLUR as the 82nd largest cryptocurrency by market cap. This placed BLUR right behind Chiliz (CHZ) in the 81st spot. The token’s latest price stumble also ended up pushing its weekly performance down to -17.92%. Since reaching its all-time high price of $45.98 in February of this year, the price of the altcoin has dropped by over 98% to trade at its current level. LINK / Tether US 1D (Source: TradingView) On the other hand, the whale’s acquisition…

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Filed under: News - @ December 2, 2023 4:08 pm