- Blur unlocks 21.69 million BLUR tokens, transferring to Coinbase Prime.
- BLUR price drops 10% following unlock.
- Trend of regular token unlocks continues since June 2023.
The latest token unlock by Blur involved 21.69 million BLUR tokens, following a strategy initiated on June 15, 2023. On-chain analyst Ember highlighted the transfer to Coinbase Prime as a routine part of this circulation plan. This event contributes to the 35% of BLUR’s total supply having been unlocked for market circulation thus far.
Such activities affect BLUR’s price, dropping around 10% in the past day. Despite the long-term downward trend, these monthly unlocks align with existing market strategies, reflecting Blur’s goals of gradual token distribution.
Blur Continues Monthly Token Transfers Amid Price Drop
Market reactions continue to follow a pattern. While Blur’s leadership remains silent, analysts note the lack of immediate, severe price disruptions from these regular unlocks. Industry experts suggest that these movements highlight Blur’s market commitment.
Historical Perspective: BLUR Distribution and Market Strategy
{{While Blur’s token unlock strategy has been ongoing since June 2023, this approach reflects similar historical tactics by other crypto projects aiming for low-impact market integration.}}
BLUR is currently trading at $0.10, exhibiting noticeable fluctuations within a day. This trend remains consistent with prior market behaviors, reinforcing Blur’s systematic pricing and distribution alignment.
Experts highlight Blur’s strategy as fortifying its presence in crypto trading, despite volatile conditions. Potential regulatory scrutiny may arise, but Blur’s adherence to regular schedules could moderate any significant impacts on market confidence.
“Blur unlocked 21.69 million BLUR tokens, worth approximately $2.32 million at the time of unlock.” — Ember, On-chain Analyst source
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