1. PixelPlaygroundHome
  2. Web3 News

Singer Huang Licheng Sells APEs and Invests in Blur

• Web3 News • 106 views

On February 20, it was reported that Yu Yan, a Twitter user, said that Huang Licheng, a singer from Taiwan, China, China, began to reduce his position in APEs …

Singer Huang Licheng Sells APEs and Invests in Blur

On February 20, it was reported that Yu Yan, a Twitter user, said that Huang Licheng, a singer from Taiwan, China, China, began to reduce his position in APEs from February 16. He sold 244000 APEs in the past four days. Currently, he still holds about 500000 APEs. At the end of January, he held about 2.2 million APEs. The money he earned from selling APE was saved into Blur. Huang Licheng currently has more than 4000 Ethereum in the Blur Binding Pool.

Huang Licheng sold 244000 APEs in the past four days, and still holds about 500000 APEs

Interpretation of the news:


According to a Twitter user named Yu Yan, Huang Licheng, a popular singer from Taiwan, China, began reducing his position in APEs from February 16. Over the course of four days, he sold around 244,000 APEs, bringing his total down to approximately 500,000 APEs. At the end of January, Huang Licheng had held approximately 2.2 million APEs.

It’s unclear why he decided to sell so many APEs or whether he has plans to sell any more. However, it’s worth noting that APEs are a type of cryptocurrency that’s based on the popular DeFi platform, Binance Smart Chain. Binance Smart Chain’s popularity has surged in recent months, and APEs have seen a similar rise.

Instead of holding onto the proceeds from selling his APEs, Huang Licheng opted to invest in Blur. Blur is a relatively new cryptocurrency that’s designed to offer privacy and anonymity to its users. Huang Licheng’s investment in Blur currently totals more than 4,000 Ethereum in the Blur Binding Pool.

While it’s unclear why Huang Licheng chose to liquidate so much of his APE holdings, it’s not uncommon for investors to sell off some of their crypto assets when the value rises too high. It’s possible that he decided to take some profits while the APE market is hot, and invest in a different area of the crypto market.

Alternatively, he could be looking to diversify his portfolio by investing in different areas of the crypto market. Huang Licheng’s investment in Blur suggests he’s willing to take risks and explore different cryptocurrencies beyond the mainstream, well-known ones like Bitcoin and Ethereum.

In summary, it appears that Huang Licheng has sold a significant number of his APEs and invested the proceeds in Blur. Whether this was a strategic investment move or just a personal financial decision remains unclear. What’s evident is that Huang Licheng is actively involved in the crypto market and willing to take risks to pursue returns beyond traditional investments.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/1791/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/20/2023 09:22
Next 02/20/2023 09:59

Recommended articles