Here’s how BLUR reacted to the latest monthly unlock

November 16, 2023

By Adewale Olarinde

• Blur tokens, worth around $15.5 million, have been unlocked.

• BLUR added over 1% to its value following the unlock.

Blur [BLUR] recently unlocked and transferred some volumes of its token to the Coinbase exchange. This unlock is part of the ongoing monthly release pattern observed over the last few months. This November,46.19 million tokens were unlocked, valued at around $15.49 million.

Also, data from Spot On Chain, analyzed by AMBCrypto, showed that a total of 436.5 million tokens, worth around $123 million, have been unlocked since June. Notably, the October unlock involved 51.22 million tokens.

Looking ahead, there are still over 1 billion tokens, valued at more than $340 million, yet to be unlocked.

How has Blur reacted to these unlocks?

In its analysis of the daily timeframe chart for the BLUR token, AMBCrypto observed positive price uptrends following its last two unlocks. After the September unlock, the token experienced a more than 6% increase in value.

Also, a similar pattern was observed, with an over 4% increase immediately after the October unlock.

To read the entire article...Click Here!