After more than a year of unlocking, the circulation of BLUR has increased from 400 million to 2.25 billion, and the price of the currency has fallen by 90% during the same period.
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According to the on-chain analyst Yujin, BLUR was priced around $1 when it was launched in early 2023, with a market capitalization of $410 million. Now the BLUR price has dropped to $0.1, a 90% decline. The circulating market capitalization has only decreased by 40% (from $410 million to $235 million) because the circulating supply has inflated from the initial 400 million to the current 2.25 billion, an increase of 4.6 times, due to the monthly unlocking over the past year.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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