• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Impact of Blur Token Unlocks on Market and Price Drop

user avatar

by Giorgi Kostiuk

7 months ago


The decentralized NFT market Blur is undergoing a significant monthly event—token unlocks—which have substantially impacted its price and market dynamics.

Influence of Monthly Unlocks

This month, 34.41 million BLUR tokens worth approximately $11.06 million were unlocked and transferred to Coinbase Prime. This unlocking constitutes 31.6% of the total, or 949 million tokens, significantly impacting the market situation.

一月一解锁的 Blur 在 20 分钟前将本月解锁的 3441 万枚 $BLUR ($11.06M) 转进 Coinbase Prime。余烬

Current Blur Market Situation

Since the unlocking cycle began on June 15, 2023, about 31.6% of the total BLUR supply has entered Coinbase Prime. This equals $323.1 million at the current transfer price. Such actions significantly pressure the BLUR price, demonstrating a downward trend.

Indicator Analysis and Forecasts

The current market price of BLUR faces resistance at the $0.35 level, while support is testing stability around $0.32. Momentum indicators suggest an approach to oversold conditions, although the sentiment remains bearish.

Blur token unlocks continue to have a noticeable impact on market behavior and pricing, setting the stage for further changes in the future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.