BLUR’s monthly token unlocking event has come around once again, with 39.46 million BLUR tokens, valued at $6.94 million, unlocked and transferred from the Blur unlocking contract to the 0x0A0 multi-signature address just 7 hours ago.

Following previous patterns, this address performed a small deposit test into Coinbase Prime, suggesting that these BLUR tokens will soon make their way to the platform.

Since BLUR began its unlocking cycle on June 15, 2023, a substantial 28% of the total BLUR supply (around 8 billion tokens) has been unlocked and funneled into Coinbase Prime. At the time of each transfer, these tokens have been valued at approximately $292.86 million, underscoring the significant volume being released into the market over the past few months.

The regular unlocking and movement of BLUR tokens have kept the market on alert, with many traders closely watching how these events may influence BLUR’s price and liquidity. While the tokens continue to flow into Coinbase Prime, the market reaction remains uncertain, though the increasing supply could potentially affect BLUR’s short-term value.

As BLUR’s unlocking events continue, investors will be paying close attention to future movements and any potential impacts on the token’s market dynamics. Whether this will drive more trading volume or create downward pressure on BLUR’s price remains to be seen, but for now, the unlocking process remains a key factor shaping the token’s market activity.

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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