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Uncategorized

BLUR Tokens Just Got Better – 40% More Supply Unlocked!

June 13, 2023 - Around 2 mins mins to read

Key Points:

  • 83% of Blur’s total supply is locked, worth $769 million.​
  • 196 million BLUR tokens will be unlocked on June 14, 2023, contributing to a 40% increase in circulating supply. ????​
  • Regulatory and macroeconomic headwinds have contributed to a 27% dip in BLUR price over the past week.
Blur is looming on the horizon with a scheduled release of about 196 million BLUR tokens on Wednesday, June 14, 2023.
BLUR Tokens

Despite the excitement surrounding this much-anticipated event, the release of these tokens into circulating supply comes amid a wave of negativity across the crypto market. Regulatory and macroeconomic headwinds have contributed to BLUR’s price dipping 27% in the past week, leaving some investors feeling uneasy and uncertain about the future of the platform.

image 1002

According to data from Token Unlocks, the 196 million BLUR tokens being unlocked is equivalent to about 6.5% of the platform’s total supply, which is no small feat. However, this will translate to a substantial increase in circulating supply, with 115.6 million tokens going to core contributors, 75.4 million to investors, and 4.9 million to advisors.

image 1003

The circulating supply for Blur is currently just over 495.2 million tokens, giving the cryptocurrency a market cap of $154 million, which is impressive considering the recent dip in price. This indicates that Blur still has a strong foothold in the market and that the community is still optimistic about its future.

Blur’s maximum supply is 3 billion BLUR, with approximately 83% of the total supply currently locked (2.49 billion BLUR worth approximately $769 million). Unlocked tokens are 511.3 million BLUR worth approximately $158 million at BLUR’s current price of $0.309.

While the release of the 196 million BLUR tokens into circulating supply may have some investors feeling uneasy, it is important to note that this release is just a small fraction of Blur’s total supply. The fact that the cryptocurrency still has a strong foothold in the market despite recent macroeconomic and regulatory headwinds indicates that the community is still optimistic about its future prospects.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Blur

BLUR tokens

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Uncategorized

BLUR Tokens Just Got Better – 40% More Supply Unlocked!

Key Points:

  • 83% of Blur’s total supply is locked, worth $769 million.​
  • 196 million BLUR tokens will be unlocked on June 14, 2023, contributing to a 40% increase in circulating supply. ????​
  • Regulatory and macroeconomic headwinds have contributed to a 27% dip in BLUR price over the past week.
Blur is looming on the horizon with a scheduled release of about 196 million BLUR tokens on Wednesday, June 14, 2023.
BLUR Tokens

Despite the excitement surrounding this much-anticipated event, the release of these tokens into circulating supply comes amid a wave of negativity across the crypto market. Regulatory and macroeconomic headwinds have contributed to BLUR’s price dipping 27% in the past week, leaving some investors feeling uneasy and uncertain about the future of the platform.

image 1002

According to data from Token Unlocks, the 196 million BLUR tokens being unlocked is equivalent to about 6.5% of the platform’s total supply, which is no small feat. However, this will translate to a substantial increase in circulating supply, with 115.6 million tokens going to core contributors, 75.4 million to investors, and 4.9 million to advisors.

image 1003

The circulating supply for Blur is currently just over 495.2 million tokens, giving the cryptocurrency a market cap of $154 million, which is impressive considering the recent dip in price. This indicates that Blur still has a strong foothold in the market and that the community is still optimistic about its future.

Blur’s maximum supply is 3 billion BLUR, with approximately 83% of the total supply currently locked (2.49 billion BLUR worth approximately $769 million). Unlocked tokens are 511.3 million BLUR worth approximately $158 million at BLUR’s current price of $0.309.

While the release of the 196 million BLUR tokens into circulating supply may have some investors feeling uneasy, it is important to note that this release is just a small fraction of Blur’s total supply. The fact that the cryptocurrency still has a strong foothold in the market despite recent macroeconomic and regulatory headwinds indicates that the community is still optimistic about its future prospects.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News