BLUR Tokens Just Got Better – 40% More Supply Unlocked!

Key Points:

  • 83% of Blur’s total supply is locked, worth $769 million.​
  • 196 million BLUR tokens will be unlocked on June 14, 2023, contributing to a 40% increase in circulating supply. 📈
  • Regulatory and macroeconomic headwinds have contributed to a 27% dip in BLUR price over the past week.
Blur is looming on the horizon with a scheduled release of about 196 million BLUR tokens on Wednesday, June 14, 2023.
BLUR Tokens

Despite the excitement surrounding this much-anticipated event, the release of these tokens into circulating supply comes amid a wave of negativity across the crypto market. Regulatory and macroeconomic headwinds have contributed to BLUR’s price dipping 27% in the past week, leaving some investors feeling uneasy and uncertain about the future of the platform.

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According to data from Token Unlocks, the 196 million BLUR tokens being unlocked is equivalent to about 6.5% of the platform’s total supply, which is no small feat. However, this will translate to a substantial increase in circulating supply, with 115.6 million tokens going to core contributors, 75.4 million to investors, and 4.9 million to advisors.

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The circulating supply for Blur is currently just over 495.2 million tokens, giving the cryptocurrency a market cap of $154 million, which is impressive considering the recent dip in price. This indicates that Blur still has a strong foothold in the market and that the community is still optimistic about its future.

Blur’s maximum supply is 3 billion BLUR, with approximately 83% of the total supply currently locked (2.49 billion BLUR worth approximately $769 million). Unlocked tokens are 511.3 million BLUR worth approximately $158 million at BLUR’s current price of $0.309.

While the release of the 196 million BLUR tokens into circulating supply may have some investors feeling uneasy, it is important to note that this release is just a small fraction of Blur’s total supply. The fact that the cryptocurrency still has a strong foothold in the market despite recent macroeconomic and regulatory headwinds indicates that the community is still optimistic about its future prospects.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

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Source: https://news.coincu.com/194850-blur-tokens-40-more-supply-unlocked/