BLUR Token Unlock: 196 Million Tokens Worth $62.3M to be Released, Raising Questions About Market Impact
06/13 12:20
BLUR will unlock 196 million tokens worth $62.3M, which is equivalent to about 40% of its circulating supply. This event raises questions about the potential impact on market sentiment and SmartMoney and whales’ buying or selling behavior. The unlocking event will distribute 115.68 million tokens to past and future core contributors, 75.4 million tokens to investors, and 4.9 million tokens to advisors. The price of BLUR has declined by 0.89% in the past 24 hours, settling at $0.3225. It remains to be seen whether the unlock event will have a bullish or bearish effect on BLUR’s price as SmartMoney and whales continue to maneuver.
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