Wintermute Transfers 4M BLUR To OKX, Bybit, KuCoin, Gate, and Huobi

• 4 million Blur tokens have been transferred to exchanges like Bybit, KuCoin, OKX and extra.
• Customers on OKX reported that there was a delay in BLUR arrival throughout the deposit course of.
• OKX confirmed it was the massive BLUR recharge movement behind the problem.

On February 14, the smartmoney on-chain platform Lookonchain reported that Wintermute transferred 4 million BLUR tokens into a number of crypto exchanges together with Bybit, KuCoin, Gate, OKX, and Huobi.

In the meantime, OKX customers have complained that there was a delay within the arrival of BLUR throughout the deposit course of on the morning of February 15. OKX knowledgeable that after the transaction began, there was an enormous BLUR recharge movement that brought on the issue.

OKX additionally shared that its crew will optimize the danger system and inner procedures to forestall the issue from occurring sooner or later. Moreover, it’ll launch an “OKB airdrop” marketing campaign to help affected prospects.

Then again, in lower than 24 hours following its much-publicized airdrop, Blur tokens have already seen greater than $500 million in commerce quantity. Airdrops, that are usually employed as a consumer acquisition technique, are the uninvited launch of a cryptocurrency token or coin, normally without cost, to numerous pockets addresses.

Customers of the Blur market obtained airdropped BLUR tokens, with the amount of every airdrop based mostly on the platform’s total exercise, community quantity, and particular person customers’ transactions.

In accordance with Twitter, this meant that some people acquired as many as 128,000 BLUR tokens. Etherscan, a blockchain software, additionally reveals that buyers obtained anyplace from 25 and tons of of 1000’s of BLUR.

Earlier CoinGecko reported that over $530 million value of blur has been traded on exchanges like OKX, Kucoin, and Uniswap. DeFiLlama information reveals that the general worth of tokens on the Blur market elevated by $10 million over the course of 24 hours.