$BLUR Faces Bearish Trends Amidst Crypto Market Rally

Despite a week marked by bullish movements across the cryptocurrency market, the native token of the Ethereum-based Non-Fungible Token (NFT) marketplace, $BLUR, failed to capitalize on the rally. Instead, it experienced a downtrend, trading on the downside throughout the week and witnessing a 10% decrease in its value. Today, an on-chain report shed light on significant activity involving a whale or institution holding $DYDX and $BLUR tokens worth US$28.54 million. The entity recharged 1.5 million BLUR to Coinbase, translating to a value of US$1.07 million, just a few hours ago. 两小时前,持有价值 2,854 万美金 $DYDX 和 $BLUR 的巨鲸 / 机构向 #Coinbase

The post $BLUR Faces Bearish Trends Amidst Crypto Market Rally appeared first on The Merkle News.

Go to Source

Blur Emerges As Dominant Player In NFT Market Despite Trading Volume Dip

Blur has solidified its position as a frontrunner in the competitive NFT marketplace, boasting the highest transaction activity in the past month. Despite experiencing a 21% decline in trade volume and a 5% decrease in value today, Blur continues to lead the pack in the dynamic NFT space. Recent on-chain reports on X have shed light on a suspected address linked to the Amber Group, which has amassed a significant amount of coins, including 3.16 million $DYDX and 25.38 million $BLUR, totaling $30 million in value.  疑似 Amber Group 地址已积累 316 万枚 $DYDX 和 2,538 万枚 $BLUR ,总价值 3,000 万美金

The post Blur Emerges As Dominant Player In NFT Market Despite Trading Volume Dip appeared first on The Merkle News.

Go to Source

DYDX Sees Decline As Token Unlock Event Looms

In recent years, dYdX has emerged as a prominent player garnering positive attention from investors and the wider community. However, a recent downturn in the token’s value has raised questions. According to Lookonchain, “Whale”0x2A25” deposited the entire 1.5M $DYDX ($5.08M) received from dYdX Distributor to Binance 6 days ago, potentially instigating the sell-off. Compounding the situation, dYdX is poised to unlock 150M $DYDX ($505.5M, 81.63% of Circulating Supply) on Dec 1, with 83.19M $DYDX ($280.35M, 46.15% of Circulating Supply) slated for investors.  The token allocation structure reveals that 50% (500M $DYDX) is earmarked for various entities, and 30% (150M $DYDX)

The post DYDX Sees Decline As Token Unlock Event Looms appeared first on The Merkle News.

Go to Source