An address transferred 17.71 million BLUR to Binance 1 hour ago

On-chain analyst Ember Monitoring pointed out that an address transferred 17.71 million BLUR (worth $3.71 million) to Binance 1 hour ago. These BLUR were withdrawn from Coinbase Prime by the address at the end of last year and early March this year, and were worth $9.48 million at the time (with an average withdrawal price of $0.535). Currently, it is only worth $3.71 million, with a loss of $5.77 million, a drop of 61%.