$BLUR is poised to unlock 11.13% of its supply for advisors and investors, with nearly 200 million tokens claimed immediately. This event, occurring six months after the token generation event (TGE), has already led to notable market movements.

In the two months following the unlocking, $BLUR’s price steadily declined from 0.30X to 0.20X, marking a significant 33% drop. One major player, a whale, capitulated and deposited 17.71 million $BLUR (worth $3.71 million) to Binance, incurring a staggering $5.79 million loss.

This whale had accumulated $BLUR between December 2023 and March 2024 at an average price of $0.54, only to offload it today at $0.21, representing a 61% loss.

Top Institutions Move A Total Of 44.73 Million $BLUR Tokens, Worth $9.63 Million

The situation for $BLUR worsened following the #Blast airdrop, which triggered a further price decline. In the past two days, five whales, institutions, and smart traders moved a total of 44.73 million $BLUR (approximately $9.63 million) to centralized exchanges (CEX), realizing a combined loss of $13.4 million.

These events underscore the volatility and risk inherent in the cryptocurrency market. The large-scale sell-offs by significant holders highlight the challenges $BLUR faces in maintaining its value amidst substantial token unlocks and market fluctuations.

As the market responds to these developments, the future trajectory of $BLUR remains uncertain, emphasizing the importance of careful analysis and strategic planning for investors.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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