• Over $35 million worth of BLUR has been unlocked.
• BLUR has maintained its price in the $0.7 region.

Blur [BLUR] recently experienced a token unlock valued in the millions of dollars. Typically, each unlock is accompanied by a pre-unlocking pump, but did that pattern hold in this instance?

Blur unlocks more tokens

Spot On Chain data showed that on 16th February, Blur initiated the unlocking of some of its tokens from its lockup contract. Analysis of the data showed that 48.66 million tokens, valued at over $35 million, were unlocked.

These tokens were subsequently transferred to Coinbase for distribution. With this recent unlock, a total of over 583 million tokens, valued at more than $437 million, have been released thus far.

This unlocking process has been ongoing for nine months, with additional tokens expected to be unlocked in the coming months.

Blur continues pre-unlocking uptrend

Historically, Blur has consistently experienced upward price trends in the days leading up to its token unlock, and this recent occasion followed the same pattern.

An analysis of the daily timeframe chart showed that BLUR began exhibiting upward trends on 5th February. The most significant surges occurred on 13th and 14th February, witnessing an increase of over 15% and trading at approximately $0.74. 

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Author: Adewale Olarinde

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