Bittime - Based on Spotonchain monitoring data, 34.42 million BLUR tokens (worth $15.29 million) were unlocked from contracts that were locked 2 hours ago. This portion of the funds will be immediately transferred to Coinbase for distribution to holders.
Total Unlocked BLUR Tokens
Since June 2023, a total of 655.3 million BLUR tokens (now worth $259 million), or 21.8% of the total supply, have been unlocked. This periodic token unlock is part of a vesting program designed to distribute BLUR tokens to the community in stages.
Check Today's Crypto Market:
BLUR Token Price Drop
It is worth noting that since the last token unlock, the price of the BLUR token has decreased by approximately 41%. This is likely influenced by the overall market impact, where many crypto assets have seen their value decline in recent weeks.
Impact of Unlocking BLUR Tokens
Periodic unlocking of BLUR tokens can impact the token price in several ways. On the one hand, an increase in the circulating supply of tokens can cause selling pressure and price declines. On the other hand, distribution of tokens to more holders could increase interest and adoption towards the BLUR project, which could ultimately have a positive impact on the price.
Also Read How to Buy Crypto:
Conclusion
Regular unlocking of BLUR tokens is an important part of the vesting program designed to distribute tokens to the community. While token unlocking may impact price in the short term, it is important to consider the long-term impact of this token distribution on interest and adoption of the BLUR project.
Check Crypto Prices Today:
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
April and the Token Unlock Storm: Impact on Crypto Prices
Massive Token Unlock Hits $166 Million in Early April
Massive Token Unlock Will Impact Crypto Markets This Week
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.