Blur Price Suddenly Jumped by 27% Since Wintermute Trading received 10M $BLUR ($4.2M) from Coinbase
Recently, the digital asset $BLUR has been at the center of attention, following a series of intriguing events.
The digital asset $BLUR experienced an unexpected surge, skyrocketing by approximately 27% in value. This sudden increase was linked to the announcement by a leading global standard digital asset exchange that it would be listing $BLUR on its platform. The new listing was confirmed on the exchange’s official announcement page, where it was revealed that $BLUR would be added to the KRW market.
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Show more +Adding to the intrigue, Wintermute Trading, a prominent market maker, received a substantial amount of $BLUR, specifically 10 million tokens, equivalent to $4.2 million. This hefty sum was transferred from a well-known custody wallet and deposited into a popular cryptocurrency exchange, approximately 12 hours prior to the listing announcement.
But the story doesn’t end there. After the price of $BLUR skyrocketed, Wintermute Trading deposited an additional 2.1 million $BLUR, worth around $895,000, back into the custody wallet. This information was confirmed on a blockchain explorer that provides analytics and historical data for Ethereum-based tokens.
The unusual behavior of Wintermute Trading, coupled with the sudden price surge of $BLUR, raises several questions about the role of market makers in influencing crypto asset prices. It also underscores the importance of keeping a close eye on these market players, as their actions can often serve as indicators of significant market shifts.
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