This Altcoin Will Be Unlocked Tomorrow! How will it affect the price? Are Whales Buying or Selling?

According to the report of the research firm Token Unlocks, Blur The token will be unlocked on June 14, tomorrow.

The report will be unlocked BLUR It is stated that the number of tokens will be 196 million.

The BLUR token to be unlocked accounts for 6.5% of the total supply, 40% of the circulating supply, which means that the circulating supply will increase by 40%.

According to the Token Unlock report, 115.68M BLUR, ($36.8 million), for past and future key contributors; 75.4 million BLUR ($24 million) to investors; 4.9 million BLUR ($1.56 million) open to consultants.

BLUR Lookonchain, which evaluated the lock opening and the movements of the whales, “Will unlocking bring BLUR price bullish or bearish?” said.

196M $BLUR ($62.3M) will be unlocked tomorrow, ~40% of the circulating supply.

Bullish or Bearish?

Are SmartMoneys and whales buying or selling recently?

1.🧵

Thread. pic.twitter.com/uW3o0ndq5u

— Lookonchain (@lookonchain) June 13, 2023

lookonchainalso stated that the address “0x06cD” has received a total of 10.5 million BLUR tokens ($ 3.36 million) from OKX exchange since April 4 and is actively involved in the BLUR market.

Lookonchain states that this address has 13.5 million BLUR tokens active and is the eighth largest BLUR He also added that he owns it.

Apart from the address 0x06cD, the whale named Oilysirs.eth was also 20 two days ago. Ethereum (ETH) It is stated that he bought 100,000 BLUR tokens for ($ 35,000).

This whale had previously made a substantial profit of 455 ETH ($792,000) from trading BLUR.

Lookonchain said it sold 1.9 million BLUR at $0.31 yesterday at address “0xfcef” against these purchases.

Other than BLUR, it’s not the only project to unlock this week. In this context, according to the report of Token Unlocks ApeCoin (APE), Lido DAO (LDO), Uniswap (UNI), BitDAO (BIT), and Filecoin (FIL) altcoins will be unlocked as well.