Token

Blur

Chainlink

<ul class="news-points"> 
 <li><strong>BLUR unlocked 49.46 million tokens, leading its price to increase by 16.31%.</strong></li> 
 <li><strong>A trader lost 87,419 in USDC while trying to capitalize on LINK’s movement.</strong></li> 
 <li><strong>While BLUR could drop to $0.60, LINK might lose hold of $15.</strong></li> 
</ul> 
<p>In two separate posts, Lookonchain disclosed that the <a href="https://coinedition.com/49-82-million-blur-unlocked-is-the-rise-to-0-50-possible/">Blur (BLUR)</a> token unlock brought in a price increase while a <a href="https://coinedition.com/chainlink-link-and-shiba-inu-shib-fall-while-pushd-pushd-launches-its-presale/">Chainlink (LINK)</a> trade went sideways for a trader. As per the BLUR post, Lookonchain mentioned that the project unlocked 49.46 million tokens on January 16. This brought the total unlocks to eight since it began on June 15, 2023.</p> 
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   <p lang="en" dir="ltr">49.46M <a href="https://twitter.com/search?q=%24BLUR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BLUR</a>($32.55M) was unlocked 2 hours ago.<br><br>Since Jun 15, <a href="https://twitter.com/search?q=%24BLUR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BLUR</a> has been unlocked once a month and 8 times in total, unlocking 534.74M <a href="https://twitter.com/search?q=%24BLUR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BLUR</a>($355.39M).<br><br>In 5 of the previous 7 unlocks the price will increase after unlocking.<a href="https://t.co/EnxgaEAqeI" target="_blank" rel="nofollow">https://t.co/EnxgaEAqeI</a> <a href="https://t.co/jbD8EEL1u7" target="_blank" rel="nofollow">pic.twitter.com/jbD8EEL1u7</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1747108014652535008?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 16, 2024</a>
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<p>Token unlocks refer to the release of previously restricted tokens from circulation into the crypto market. For most cryptocurrencies, unlocks bring about a price decline due to increased supply However, BLUR seems to be an exception, as Lookonchain noted that five of its previous seven un…</p>
<p>The post <a href="https://coinedition.com/blur-and-link-move-in-opposite-directions-despite-the-formers-token-unlock/">BLUR and LINK Move In Opposite Directions Despite the Former’s Token Unlock</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

BLUR and LINK Move In Opposite Directions Despite the Former’s Token Unlock

Coin Edition

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