Blur, a popular token in the crypto market, recently unlocked 35.54 million BLUR tokens, worth approximately $12.9 million, from the lockup contract just two hours ago. These tokens were promptly moved to Coinbase for distribution. This event is part of a broader trend, with a total of 690.8 million BLUR tokens, now valued at $256 million, or 23% of the total supply, being unlocked since June 15, 2023. Since the beginning of 2024, BLUR has exhibited a pattern of short-term bullish pumps following token unlocks, only to experience a subsequent decline. Despite occasional positive price movements immediately after these unlocks,
The post Blur Token Experiences Significant Unlock and Decline appeared first on The Merkle News.
]]>