In the past 24 hours, the Water team has come under scrutiny for allegedly selling a substantial amount of $WATER tokens. On-chain analysis by Lookonchain revealed that the developers transferred 844.44 million $WATER to 11 new wallets that did not participate in the pre-sale. These wallets have since sold the $WATER tokens, amassing over 18,600 $SOL, equivalent to $2.35 million. Is the #WaterCoin team selling $WATER? We noticed that the dev transferred 844.44M $WATER to 11 new wallets that didn’t participate in the pre-sale. These 11 wallets are selling $WATER and have obtained more than 18,600 $SOL($2.35M) by selling $WATER!

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Blur, a popular token in the crypto market, recently unlocked 35.54 million BLUR tokens, worth approximately $12.9 million, from the lockup contract just two hours ago. These tokens were promptly moved to Coinbase for distribution.  This event is part of a broader trend, with a total of 690.8 million BLUR tokens, now valued at $256 million, or 23% of the total supply, being unlocked since June 15, 2023. Since the beginning of 2024, BLUR has exhibited a pattern of short-term bullish pumps following token unlocks, only to experience a subsequent decline. Despite occasional positive price movements immediately after these unlocks,

The post Blur Token Experiences Significant Unlock and Decline appeared first on The Merkle News.

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