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Blur Token Unlock Sparks Volatility as BLUR Price Drops 10%


by Maxwell Mutuma
for CoinEdition
Blur Faces Bearish Momentum as Token Unlocking Continues Key Price Levels to Watch
  • Blur’s monthly token unlocks contribute to bearish market pressure and price decline.
  • The price struggles at $0.35 resistance, with $0.32 support testing for stability.
  • Momentum indicators suggest Blur is nearing oversold conditions but remains bearish.

Blur, the decentralized NFT marketplace, saw significant market activity following its monthly token unlock. This month, 34.41 million BLUR tokens, worth about $11.06 million, were unlocked and transferred to Coinbase Prime.

Since the unlocking cycle began on June 15, 2023, roughly 31.6% of the total BLUR supply (949 million tokens) has entered Coinbase Prime. This equals $323.1 million at the current transfer value. This continuous token unlocking influences BLUR’s market behavior, which shows a downward trend.

The post Blur Token Unlock Sparks Volatility as BLUR Price Drops 10% appeared first on Coin Edition.

Read the article at CoinEdition

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Blur Token Unlock Sparks Volatility as BLUR Price Drops 10%


by Maxwell Mutuma
for CoinEdition
Blur Faces Bearish Momentum as Token Unlocking Continues Key Price Levels to Watch
  • Blur’s monthly token unlocks contribute to bearish market pressure and price decline.
  • The price struggles at $0.35 resistance, with $0.32 support testing for stability.
  • Momentum indicators suggest Blur is nearing oversold conditions but remains bearish.

Blur, the decentralized NFT marketplace, saw significant market activity following its monthly token unlock. This month, 34.41 million BLUR tokens, worth about $11.06 million, were unlocked and transferred to Coinbase Prime.

Since the unlocking cycle began on June 15, 2023, roughly 31.6% of the total BLUR supply (949 million tokens) has entered Coinbase Prime. This equals $323.1 million at the current transfer value. This continuous token unlocking influences BLUR’s market behavior, which shows a downward trend.

The post Blur Token Unlock Sparks Volatility as BLUR Price Drops 10% appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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XRP traders are waking up to another action-packed session as Ripple’s native token k...
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