Lookonchain: A certain BLUR whale address is incurring losses while reducing its BLUR holdings and acquiring GMX

ChainCatcher news, according to monitoring data from Lookonchain, a giant whale address sold 1.1 million BLUR at a loss today, receiving 450 ETH, with an average selling price of about $0.68 (average purchase cost of about $1.21). Subsequently, the 450 ETH was exchanged for 10,855 GMX.

It is reported that this giant whale address first spent 2,000 ETH (approximately $3.41 million) to purchase 2.52 million BLUR on February 20, with an average purchase price of $1.35. Then, on February 22, it spent another 1,000 ETH to increase its position by 1.67 million BLUR, with an average purchase price of $0.99. At that time, the total holding was 4,187,211 BLUR (approximately $4.1 million). (Source link)