LookonChain Insights: SigilFund’s Deposits 1.5M BLUR, Withdraws IMX and LDO

Bits Logics Team . 24th Nov 2023

• Lookonchain recently reported that SigilFund sold BLUR to purchase LDO and IMX cryptocurrencies.
• To be specific, SigilFund deposited 1.55 million BLUR, valued at approximately $968,000, recently.
• BLUR is experiencing double-digit surges after Binance announced the listing of altcoins.

Lookonchain, an onchain market analytics platform, recently reported that SigilFund sold BLUR to purchase LDO and IMX cryptocurrencies. To be specific, SigilFund deposited 1.55 million BLUR, valued at approximately $968,000, recently. From the deposited amount, SigilFund withdrew 807,799 IMX and 210,905 LDO, which are valued at $1.14 million and $540,000, respectively.

It seems SigilFund was waiting for the chance to purchase these tokens, as it was reported on November 21 by the market analytical platform that SigilFund withdrew 3.1 million BLUR from OKX that day.  

While seating at the 74 seat, BLUR observed a double-digit surge, making its price valued at $0.6195 over the 24-hour period. Meanwhile, in the seven-day period, BLUR also observed a 94.44% spike at the time of writing. Trade analysts speculate that BLUR may have experienced a spike because of the recent listing by Binance with the Seed Tag applied.

LDO, on the other hand, is currently priced at $2.52, with a spike of 1.27% observed in the 24-hour period. The spike observed by BLUR is substantially greater than LDO’s surge. Meanwhile, in the seven-day period, LDO still maintained a double-digit uptick of 19.31% in seven days. 

Finally, IMX has been witnessing a fall over the 24-hour period. In 24 hours, IMX faced a fall of 3.29% and was trading hands at $1.40. It is still not clear whether this is a trend reversal or a slight price correction. It should be noted that another double-digit spike of 22.90% puts IMX in the green area of the charts