• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, June 27, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Price Surge Off $BLZ Sparks Debate: Investment Strategy or Manipulation?

Will Izuchukwu by Will Izuchukwu
October 30, 2023
in News
Reading Time: 3 mins read
0
11
SHARES
Share on TwitterShare on Facebook

Price volatility is a common occurrence in the market these days. Bluzelle’s native token, $BLZ, is experiencing a substantial 38% increase in its value in a day. However, during this price rally, there are a series of suspicious transactions relating to a specific wallet that is raising suspicions regarding potential market manipulation. Although, some believe it’s just a smart whale investment.

The price of $BLZ increased by ~38% today.

A wallet related to #Bluzelle Company sold 567,543 $BLZ($158K) at a price of $0.28 again 6 hours ago.https://t.co/DDPukZnzB0 pic.twitter.com/xC06WX4wNW

— Lookonchain (@lookonchain) October 30, 2023

This particular wallet, with ticker address “0x9614,” is consistently offloading $BLZ tokens each time the cryptocurrency’s price rises significantly.  Just six hours ago, it executed a sale of 567,543 $BLZ tokens, amounting to $158,000, at a price of $0.28. This type of movement is causing observers to question whether the wallet is capitalizing on price surges for its own benefit.

33.5M BLZ Tokens Transfer

Furthermore, What adds to the puzzle is the historical activity of this wallet. Notably, It received a notable sum of 33.5 million $BLZ tokens, equating to $6.5 million. This originates from the Bluzelle Company’s wallet. However, it has not hesitated to liquidate a considerable portion of these tokens, totaling 19.6 million $BLZ ($3.63 million), leaving it with a balance of 13.9 million $BLZ ($4 million).

Smart Investment Or Market Manipulation

This situation begs the central query: Are the actions of this wallet emblematic of savvy investment tactics, or are they indicative of market manipulation? While it’s not unusual for investors to cash in on profits when an asset’s value surges, the recurring pattern of selling at the peaks raises concerns about possible manipulation tactics designed to influence or govern the token’s price swings.

Additionally, Market manipulation can be a big issue to traders and investors. This is because it erodes the faith they have in the market. Consequently, it’s of utmost importance for regulatory authorities and cryptocurrency exchanges to monitor such activities. Also, corrective actions should be dished out to any malpractice which comes to light.

Final Thoughts

To conclude, the recent price increase of $BLZ, together with the dubious trading activities linked to wallet “0x9614,” initiates a dialogue about the fine line differentiating smart investment decisions from market manipulation. Of course, the cryptocurrency community should be closely observing any future actions of this wallet. This is to discern its true intentions and its potential impact on the $BLZ market as it will concern many retail traders.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse, NFT, A.I., Cybersecurity, Supercomputer, and Cryptocurrency news!

Image Source: musgraphicalabri/123RF // Image Effects by Colorcinch

Tags: BLZCryptocryptocurrencyInvestmentMarket manipulationTradingWhales
Previous Post

Uniswap Foundation’s Recent $UNI Token Movements Sparks Caution Among Traders

Next Post

No Experience, No Problem with Bitcoin Spark, Stellar, and TRON

Related Posts

Trump to Save Crypto: New Order May End Banking Discrimination
News

Trump to Save Crypto: New Order May End Banking Discrimination

June 25, 2025
Why Ethereum 6-Second Block Time Might Change Everything
News

Why Ethereum 6-Second Block Time Might Change Everything

June 24, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025
Featured

Dogecoin Price Faces Breakdown

June 20, 2025

Press Releases

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

by Alex Mercer
June 24, 2025

Introduction If you blinked, you might’ve missed Jupiter’s brief moment in the spotlight. The DAO behind the once-buzzy token has...

Read more
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier