The biggest whale in this altcoin keeps buying, Onchain data shows

The biggest whale of this altcoin is back to buying after a pause. The whale, with the short address 0xe8f, is the largest individual holder of the Bluzelle (BLZ) token. They recently bought 11.1 million BLZ ($2.06 million) from Binance at an average price of $0.185.

This whale previously bought 52.82 million BLZ ($4.72 million) at an average price of $0.08938 two months ago. It’s interesting that the whale only holds BLZ and no other tokens, including ETH. They currently have a total of 63.92 million BLZ ($11.82 million), which makes up 12.8% of the total supply. This move resulted in an estimated unrealized profit of $5.25 million (77.4%).

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Another major BLZ token holder is the whale with the short address 0xbf2, who currently holds 56,959,910 BLZ ($6.74 million), accounting for 11.4% of the total supply. These tokens were deposited from Binance on August 16, 2023 (67 days ago) at an average price of $0.08723 ($4.97 million). This resulted in an unrealized profit of $5.77 million (+116%).

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