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In a significant development, 37.5 million BLUR tokens, valued at approximately $11.6 million, were unlocked and transferred to Coinbase Prime.

This transfer is part of a long-standing monthly unlocking activity that has been ongoing since June 2013. Over the past year, approximately 728 million BLUR tokens, worth around $272 million, have been unlocked, with the majority transferred to Coinbase Prime.

Currently, the lock contract still holds 726.7 million BLUR tokens, valued at $226.48 million, which are set to be unlocked in the coming months.

Key Points:

  • 📅 Date of Transfer: June 16, 2024
  • 💼 Amount Transferred: 37.5 million BLUR
  • 💸 Value of Transfer: $11.6 million
  • 🔄 Ongoing Unlocking Activity: Since June 2013
  • 📊 Total Unlocked in Past Year: 728 million BLUR, valued at $272 million
  • 🔓 Remaining Locked: 726.7 million BLUR, valued at $226.48 million

This unlocking event highlights the significant liquidity movements within the BLUR ecosystem, with Coinbase Prime playing a crucial role in managing these assets.

For more details, visit the original article.

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