On-chain analysis platform Spot On Chain transmitted data regarding the worth of millions of dollars unlocking in the local token of popular NFT platform Blur.
According to the data conveyed by Spot On Chain, on March 15, 33.42 million BLUR worth $22.3 million was unlocked and then transferred to the crypto exchange Coinbase.
Since June 2023, a total of 616.8 million BLUR worth of $411 million has been unlocked. However, this was the most substantial unlocking for BLUR.
Although BLUR unlocking will continue over the next 2 years, the amount is expected to be much lower compared to previous years. It is believed that this will alleviate the selling pressure specific to BLUR.
According to CoinGecko data, BLUR, which lost 8% of its value in the last 24 hours, is currently trading at $0.62.
