Based

Blur

<ul>
 <li>Over 49 million Blur tokens were recently unlocked.</li>
 <li>It reacted by adding over 7% in value.</li>
</ul>
The unlock of <a href="https://ambcrypto.com/search/blur" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Blur</a> tokens has continued, with the latest unlock seeing more of the token being moved to an exchange. In response to this recent development, how has the token performed, and which direction has seen greater dominance in exchange flow over the past few days?
<h4>More Blur tokens get unlocked</h4>
Based on information from <a href="https://etherscan.io/token/0x5283d291dbcf85356a21ba090e6db59121208b44?a=0x0a0df165611e941cd0b3bbb716408d3dea127d31" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">Etherscan</a>, around 49.8 million <a href="https://ambcrypto.com/heres-how-blur-reacted-to-the-latest-monthly-unlock/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Blur</a> tokens valued at around $23.2 million were recently unlocked. These unlocked tokens were initially transferred from a multi-signature address and subsequently moved to Coinbase Prime. 
Since the unlocking process began, 485 million tokens, worth about $226 million, have been unlocked and transferred to Coinbase Prime.&nbsp;
Additionally, data from <a href="https://coinmarketcap.com/currencies/blur-token/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">CoinMarketCap</a> showed that the current circulating supply was over 1.1 billion, while the total supply was 3 billion as of the latest update.
 This suggested that the circulating supply remained significantly below the total supply despite the volume of tokens unlocked thus far.
<h4>Tracking the Blur exchange flow</h4>
The exchange flow chart examination showed a noticeable impact resulting from the recent token unlock. The charts showed a significant increase in activity after the recent unlocks. 
As of this writing, the inflow chart showed that over 54 million <a href="https://ambcrypto.com/7-3-mln-blur-tokens-hit-exchanges-gauging-the-impact-on-prices/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Blur</a> tokens have entered exchanges. Notably, this marked the first time this month that the inflow reached such a volume. This signifies an inflow of tokens for sale.&nbsp;
<div id="attachment_359532" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.14-19-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-359532" decoding="async" class="wp-image-359532 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.14-19-Dec-2023.png" alt="Blur exchange inflow" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.14-19-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.14-19-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.14-19-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.14-19-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.14-19-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.14-19-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Santiment
</div>
Conversely, the exchange outflow chart showed that nearly 45 million tokens have gone out of various exchanges. Similar to the inflow, this represented the first time such a high volume was seen in the month. 
This suggested increased token withdrawal by traders and indicated a rise in accumulation. The current exchange flow analysis suggests a balanced movement of tokens on and off exchanges. It showed a lack of imminent sell-offs and a stable post-unlock scenario.
<div id="attachment_359533" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.10-19-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-359533" decoding="async" class="wp-image-359533 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.10-19-Dec-2023.png" alt="Blur exchange outflow" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.10-19-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.10-19-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.10-19-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.10-19-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.10-19-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Blur-BLUR-11.21.10-19-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Santiment
</div>
How much are <a href="https://ambcrypto.com/convert/1-blur-to-usd" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">1,10,100 BLURs worth</a> today
<h4>How BLUR has trended</h4>
Following the token unlocks, the price movement has demonstrated a positive trend, as shown by the daily timeframe chart. The chart showed a notable increase of over 7% in value as of the current data. 
<a href="https://ambcrypto.com/blur-remains-at-the-walls-of-a-bearish-stronghold/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Blur</a> was trading at around $0.48, reflecting a gain of 7.5%. Additionally, the recent price surge has contributed to an upward movement in its Relative Strength Index (RSI) line. As of this writing, the RSI line was slightly above the 50 mark, signaling a weak but discernible bullish trend.
<div id="attachment_359534" style="width: 100%" class="wp-caption alignnone"><img aria-describedby="caption-attachment-359534" decoding="async" class="size-full wp-image-359534" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BLURUSD_2023-12-19_10-56-12.png" alt="BLUR/USD price trend" width="1475" height="785" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/BLURUSD_2023-12-19_10-56-12.png 1475w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BLURUSD_2023-12-19_10-56-12-300x160.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BLURUSD_2023-12-19_10-56-12-1024x545.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/BLURUSD_2023-12-19_10-56-12-768x409.png 768w" sizes="(max-width: 1475px) 100vw, 1475px">
 Source: TradingView
</div>

What next for Blur as 49M tokens get unlocked

AMBCrypto

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