{"id":51526,"date":"2024-01-16T12:26:32","date_gmt":"2024-01-16T11:26:32","guid":{"rendered":"https:\/\/coinfomania.com\/?p=51526"},"modified":"2024-04-20T09:21:22","modified_gmt":"2024-04-20T08:21:22","slug":"blur-jumps-15-following-token-unlock-continuing-historical-trend","status":"publish","type":"post","link":"https:\/\/coinfomania.com\/blur-jumps-15-following-token-unlock-continuing-historical-trend\/","title":{"rendered":"BLUR Jumps 15% Following Token Unlock, Continuing Historical Trend"},"content":{"rendered":"

The price of BLUR, the native token of the non-fungible token<\/a> (NFT) marketplace Blur, jumped 15% after a significant amount of the token’s supply was unlocked hours before press time.<\/span><\/p>\n

Token unlock involves releasing a certain amount of assets previously locked or restricted from circulation in the market. Token unlocking often leads to increased trading volume and price volatility for the asset as investors will now have the ability to buy or sell it.<\/span><\/p>\n

$32.55M Worth of BLUR Unlocked\u00a0<\/span><\/h2>\n

According to blockchain analytics firm Lookonchain, 49.46 million BLUR, equivalent to $32.55 million, was unlocked on January 16. On-chain data showed that the tokens were initially transferred from a multi-signature address and subsequently into Coinbase Prime wallet.\u00a0<\/span><\/p>\n

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49.46M $BLUR<\/a>($32.55M) was unlocked 2 hours ago.<\/p>\n

Since Jun 15, $BLUR<\/a> has been unlocked once a month and 8 times in total, unlocking 534.74M $BLUR<\/a>($355.39M).<\/p>\n

In 5 of the previous 7 unlocks the price will increase after unlocking.https:\/\/t.co\/EnxgaEAqeI<\/a> pic.twitter.com\/jbD8EEL1u7<\/a><\/p>\n

— Lookonchain (@lookonchain) January 16, 2024<\/a><\/p><\/blockquote>\n