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BLUR Trails Rest of Crypto Market Ahead of $62M Token Unlock

The token unlock, which will take place on Wednesday, will release almost 196 million tokens, representing nearly 40% of the currently circulating supply, according to data from CoinGecko and Token Unlocks. When this $62 million of tokens are released, owners of BLUR will get greater autonomy over their holdings, gaining the ability to sell or swap.

About 83% of all BLUR tokens remain locked, according to Token Unlocks.

BLUR’s liquidity stands at roughly $2.39 million in its top five pools on Uniswap V3, the most recent iteration of the largest decentralized exchange by trading volume. On MEXC, a different crypto exchange, a $473,000 sell order can cause the price of BLUR drop 2%, while a $394,000 buy order can cause the BLUR to jump 2%, according to CoinGecko.

Blur representatives didn’t return a request to comment by press time.

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