Blur (BLUR), a leading NFT marketplace, has recently experienced notable activity, particularly in the movement of millions of BLUR tokens to the prominent cryptocurrency exchange Coinbase.
Reports indicate that a substantial 49.82 million BLUR tokens, equivalent to $23.26 million, were transferred from the unlock contract to the 0x0A0 multi-signature address on December 16. Following this, the tokens were subsequently moved to Coinbase Prime. Since the initiation of BLUR’s unlocking cycle on June 15, a total of 485 million BLUR tokens, valued at $226 million, have been unlocked and transferred to Coinbase Prime.
49.82 million BLUR ($23.26M) was transferred from the unlock contract to the 0x0A0 multi-signature address on December 16 and then transferred to Coinbase Prime. Since BLUR entered the unlocking cycle on June 15, a total of 485 million BLUR ($226M) has been unlocked and…
— Wu Blockchain (@WuBlockchain) December 19, 2023
The unlocking of BLUR tokens follows a systematic approach, benefitting four distinct categories: investors, advisers, the community treasury, and individuals who have actively contributed to the network’s development, both in the past and present.
BLUR Token Unlock And Price Action
Cumulatively, around 485.3 million BLUR tokens, with a market value of $146 million, have been unlocked since the unlocking cycle commenced on June 15. Interestingly, historical trends indicate that the price of $BLUR has tended to experience an upward trajectory following past unlocking events.
🚨 Blur Multisig 0x0a0 moved 49.82M $BLUR ($23.3M) to #Coinbase ~2hrs ago as part of the December's unlock.
– Around 485.3M $BLUR (worth $146M) have been unlocked since June 15.
– $BLUR price tended to rise after past unlocks. Will $BLUR continue to rise this time?
👉 More… https://t.co/0qewV7gcYo pic.twitter.com/az3T9iyWTc
— Spot On Chain (@spotonchain) December 19, 2023
As of the latest update, the price of $BLUR has surged by an impressive 20% today, reaching a current high at $0.4891. This surge underscores the market’s positive response to the recent token movement and unlocking activities associated with Blur. Investors and enthusiasts are closely monitoring these developments, anticipating potential implications for the broader NFT marketplace and the value of BLUR tokens in the evolving crypto landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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