Large Amount of Bluzelle (BLZ) Deposited to Binance…31% of Supply

Amid Binance's announcement of delisting Bluzelle (BLZ), a whale has deposited a large amount of BLZ to Binance.

On the 17th (local time), Lookonchain reported on X that "an anonymous whale deposited 156.5 million BLZ ($15.88 million) to Binance," stating that "this is 31% of the total supply." It further mentioned, "The average cost of these holdings is $0.14, indicating the whale is incurring a loss of about $5.7 million," suggesting that the whale might be planning a pump-and-dump scheme with BLZ.

Previously, Binance announced on its official website that it would delist the spot trading pairs of Bluzelle, Akropolis (AKRO), and WazirX (WRX) on the 25th.