Crypto News

Blur Token Transfer Sparks Activity On Coinbase Prime

In recent activity, 36.78 million BLUR tokens, valued at approximately $5.64 million, were unlocked and moved from the Blur unlocking contract to the 0x0A0 multi-signature address five hours ago.

Following this, the 0x0A0 address conducted a small test deposit to Coinbase Prime. This move indicates that the BLUR tokens will soon be available on the platform.

BLUR Token Unlocking Phase 

Since Blur’s unlocking phase began on June 15, 2023, approximately 26.6% of the total BLUR supply—equivalent to 8 billion tokens—has been unlocked and transferred to Coinbase Prime. At the time of these transfers, this amounted to $285.92 million in value.

Currently, the Blur token lockup contract retains 654.07 million BLUR tokens, worth about $99.9 million. Despite these developments, the price of BLUR has experienced a recent drop of 3.32% over the past hour. This decrease comes amid ongoing market adjustments and the increasing flow of tokens into major trading platforms.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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