Blur

<ul><li>Blur (BLUR) experiences a 41% price drop following the unlocking and anticipated distribution of 34.42 million tokens via Coinbase.</li><li>With a recent market cap of $610 million, Blur (BLUR) continues to struggle, reflecting a 31.51% decrease over the past week alone.</li><li>While the global cryptocurrency market has decreased by 11.50%, BLUR&#39;s performance significantly lags.</li></ul><a href="https://cryptotale.org/?s&#61;Blur" rel="noopener noreferrer nofollow">Blur</a> (BLUR) has experienced significant market movements following the latest release of tokens from its lockup contract. According to data from <a href="https://twitter.com/spotonchain/status/1780046402489639134" rel="noopener noreferrer nofollow">Spot On Chain</a>, approximately 34.42 million BLUR tokens, valued at $15.29 million, were unlocked early on Tuesday, with expectations that these tokens would be transferred to the Coinbase platform for distribution. This recent transaction marks a considerable addition to the market, as 655 million BLUR tokens—21.8% of the total supply—have been unlocked since June 2023.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/37323170db4c419fac4225940319a83b.png" />The recent unlocking events seem to have notably impacted BLUR&#39;s market price. Since the last unlocking, the price of BLUR has dropped by approximately 41%, a movement that aligns with broader market trends but indicates a sharper decline than the general market downturn. As of today, Blur’s token is trading at <a href="https://www.coingecko.com/en/coins/blur" rel="noopener noreferrer nofollow">$0.3954</a>, with a 24-hour trading volume of approximately $56.1 million. This represents a 4.74% decline in the last day and a 31.51% drop over the past week. Currently, with a circulating supply of 1.5 billion tokens, Blur’s market capitalization stands at around $610 million.<a href="https://cryptotale.org/blur-token-price-declines-following-massive-unlocking-event/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Blur Token Price Declines Following Massive Unlocking Event

CryptoTale

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