- The Blur team has unlocked a total of 485 million tokens since June.
- The latest transfer to Coinbase (NASDAQ:COIN) Prime did not cause a slide as BLUR climbed to $0.47.
- If buying pressure increases, BLUR may hit $0.50 in the short term.
The price of Blur (BLUR) jumped to 9.57% in the last 24 hours, reaching a high of $0.47 in the process. This price increase occurred after a $23.26 million token unlock by the NFT marketplace and aggregator project. Per Etherscan, the Blur team transferred 49.82 million tokens out of its multi-sig wallet.
BLUR Price Shows Strength Despite Unlock
The BLUR transaction happened on December 16, and the team sent the tokens to Coinbase Prime. According to Colin Wu of Wu Blockchain, this makes the total number of BLUR tokens unlocked and sent to Coinbase Prime 485 million, currently worth $226M.
49.82 million BLUR ($23.26M) was transferred from the unlock contract to the 0x0A0 multi-signature address on December 16 and then transferred to Coinbase Prime. Since BLUR entered the unlocking cycle on June 15, a total of 485 million BLUR ($226M) has been unlocked and…— Wu Blockchain (@WuBlockchain) December 19, 2023
Token unlocks result…
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