Blur unlocked an additional 23.8 million tokens 1 hour ago and transferred them to Coinbase

BlockBeats News, April 18th, according to on-chain data analyst Yujin Monitoring, Blur, which unlocks monthly, transferred the 23.8 million BLUR (approximately $2.3 million) unlocked this month to Coinbase Prime 1 hour ago.

Since Blur entered the unlocking cycle on June 15, 2023, 35.6% of the total BLUR supply (1.068 billion tokens) has been unlocked and transferred to Coinbase Prime for circulation in the market. Based on the price at the time of unlocking transfer, it is valued at $340 million. The average transfer price was $0.318, while the current price of BLUR is only $0.096.