40% More Supply of BLUR Tokens Has Been Unlocked!

Central issues:

83% of Obscure’s all out supply is locked, worth $769 million.
196 million Haze tokens will be opened on June 14, 2023, adding to a 40% increment in circling supply. The price of BLUR has
decreased by 27% over the past week as a result of regulatory and macroeconomic obstacles.

Blur is looming on the horizon with a scheduled release of about 196 million BLUR tokens on Wednesday, June 14, 2023.

The introduction of these tokens into the circulating supply comes amid a wave of negativity throughout the cryptocurrency market, despite the excitement surrounding this much-anticipated event. The price of BLUR has dropped 27% in the past week as a result of regulatory and macroeconomic obstacles, causing some investors to feel uneasy and uncertain about the platform’s future.

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As per information from Token Opens, the 196 million Haze tokens being opened is comparable to around 6.5% of the stage’s absolute inventory, which is not easy at all. Notwithstanding, this will mean a significant expansion in flowing stock, with 115.6 million tokens going to center patrons, 75.4 million to financial backers, and 4.9 million to counsels.

With just over 495.2 million tokens in circulation at the moment, Blur has a market cap of $154 million, which is impressive given the cryptocurrency’s recent price drop. This shows that the Blur community still has high hopes for the game’s future and that the company still has a solid foothold in the market.

Blur has a maximum supply of 3 billion BLUR, but only 2.49 billion BLUR, or approximately $769 million, are currently available. At the current BLUR price of $0.309, the unlocked tokens are 511.3 million BLUR, or approximately $158 million.

It is essential to keep in mind that the 196 million BLUR tokens that have been released into the circulating supply are only a small portion of Blur’s total supply, which may have unnerved some investors. The community is still optimistic about the cryptocurrency’s future prospects because, despite recent macroeconomic and regulatory headwinds, it continues to have a solid foothold in the market.

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Tags: Blur, BLUR tokens, Supply of BLU