Blur

Arbitrum

Aptos

In March 2024, more than $3 billion worth of tokens are expected to be unlocked from multiple <a href="https://news.todayq.com/3-bln-worth-tokens-set-to-unlock-in-march-2024/">crypto projects</a> including SUI, Aptos (APT), Arbitrum (ARB), Blur (BLUR), and many more. On March 15, 2024, Blur’s BLUR token was scheduled to be unlocked today. However, Blur’s 33.42 million BLUR tokens, worth around $22.3 million, were unlocked from the lockup contract and will be moved to Coinbase for further distribution.&nbsp; BLUR token unlock detail 
This is the third time since the start of 2024 that Blur has unlocked a massive amount of its tokens. In January 2024, <a href="https://news.todayq.com/blur-price-soars-18-despite-49-46-million-tokens-unlock/">Blur unlocked</a> 49.46 million BLUR tokens, worth around $32.55 million. Later in February 2024, BLUR unlocked a massive 48.66 million BLUR tokens, worth around $35.56 million. This time, in March 2024, BLUR unlocked a massive 33.42 million BLUR tokens worth around $22.3 million.&nbsp; 
Additionally, the BLUR NFT marketplace, since 2023, has unlocked over 616 million BLUR tokens worth around $411 million. Currently, Blur is in Year 2 of its 4-year vesting schedule with a reduced unlock rate, according to a recent post by an on-chain analytic firm, spotonchain. 
With this massive token unlock since 2023, if we look at the total supply and the current circulating supply, you will be amazed. The total supply of BLUR is 3 trillion BLUR tokens, out of which only 1.47 trillion BLUR tokens are in circulation. This means more than half of the total supply is yet to be unlocked. BLUR price-performance analysis 
Following this recent token unlock, currently BLUR is trading near $0.63, and in the last 24 hours, it experienced a price fall of over 7%. If we look at the performance of BLUR over a longer period, in the last 7 days BLUR experienced a price fall of over 8.6%. Whereas, in the last 30 days, BLUR holders experienced a negative return of over 9%. 
According to expert technical analysis, BLUR is in a bearish zone as it continuously reverses from the resistance level of $0.81. If BLUR breaks out of this resistance level and on the weekly time frame if it closes above the $0.81 level, then there is a possibility that it will hit the $1.24 level, the next resistance for BLUR.

Blur releases $22 million worth of tokens on Coinbase, What’s next?

Todayq News

2024년 3월 15일에 게재된 다른 기사

Starbucks Closes NFT Rewards, Shifting Corporate Approach to Emerging Tech

Turning $100 into a Fortune: 5 Altcoins Poised for Explosive Growth

Bitcoin Price Prediction: BTC Plunges 7% As Grayscale Moves $400M To Coinbase, But This Bitcoin H...

SEC Targets $300 Million Ponzi Scheme Aimed at Latino Investors

Over $700 million of short and long positions get liquidated as Bitcoin fell below $67,000

Kandola Network Incentivized Testnet Program is Live: Database Democratization Begins Now

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!