Blur将另一批$ Blur代币转移到市场上

为了符合其既定的令牌发布时间表，Blur将另一批$ Blur代币转移到了市场上。

In keeping with its established token release schedule, Blur has moved another big batch of $BLUR tokens into the market.

为了符合其既定的令牌发布时间表，Blur将另一批$ Blur代币转移到了市场上。

This month, 23.8 million $BLUR tokens—worth about $2.3 million—were sent to Coinbase Prime, the institutional arm of the crypto exchange. The transfer is the latest installment in Blur’s monthly token unlock cycle, which began in mid-2023 and has since become a key factor in the token’s price behavior and circulating supply.

本月，送往加密货币交易所的机构部门Coinbase Prime的2380万美元Blur代币（约230万美元）。转移是Blur每月的代币解锁周期中的最新部分，该周期始于2023年中，此后已成为代币价格行为和循环供应的关键因素。

Blur began its token unlock process on June 15, 2023, as part of a larger plan to very slowly and very deliberately bring its full token supply into circulation. Since then, the project has set free a little over a third of its total $BLUR token supply—about 1.068 billion tokens (35.6%). Each batch of unlocked tokens has been sent off to Coinbase Prime, which very much suggests that Blur is making these tokens available for trading on the open market.

Blur于2023年6月15日开始其代币解锁程序，这是一个更大的计划的一部分，该计划非常缓慢，非常故意将其全部令牌供应带入流通。从那时起，该项目已将其释放到其总$模糊代币供应量的三分之一以上，即10.68亿代币（35.6％）。每批解锁的令牌都已发送到Coinbase Prime，这非常表明Blur正在使这些代币可在公开市场上进行交易。

The resulting unlocked tokens had a mind-boggling combined valuation at the point of transfer of an enormous $340 million. This really highlighted the unlock operation’s scale and made us rethink the project’s present-value proposition. But alas, here we are: the token’s trading value today is at $0.096, and the average transfer price is being, by my estimate, around $0.318.

由此产生的解锁令牌在转移3.4亿美元的转移时具有令人难以置信的总估值。这确实强调了解锁操作的规模，使我们重新考虑了该项目的现值命题。但是，las，我们在这里：如今的代币交易价值为0.096美元，根据我的估计，平均转让价格约为0.318美元。

The average unlock price compared to the actual market price is getting larger. This emphasizes investor concern. Many in the community argue that the price going down is a direct result of too many unlocked tokens being dumped on the market. We have done quite a few unlocks now, and every one of them is basically creating a supply increase in the market. This is happening alongside demand that hasn’t really picked up in a major way.

与实际市场价格相比，平均解锁价格正在越来越大。这强调了投资者的关注。社区中的许多人认为，价格下跌的直接结果是将太多未锁定的代币倾倒在市场上。我们现在已经做了很多解锁，每个人基本上都在创造市场供应量增加。这与并没有真正以主要方式接收的需求一起发生。

Blur’s strategy for unlocking tokens closely mirrors a familiar crypto project playbook—gradually releasing tokens held by teams, investors, and communities in a way that (ideally) avoids sudden supply shocks. In practice, though, scheduled unlocks can create problems for a project and its token, particularly in a bear market, or when demand just can’t keep up with new supply. They’re a kind of necessary evil in crypto, a way to ensure the people and institutions that helped make a project happen get compensated for their unpaid work and that the project doesn’t just fall apart.

布鲁尔（Blur）解锁代币的策略密切反映了一本熟悉的加密项目剧本，即通过（理想情况下）避免突然的供应冲击的方式，从团队，投资者和社区持有的代币。但是，实际上，预定的解锁可能会给项目及其代币造成问题，尤其是在熊市中，或者当需求无法跟上新供应时。它们在加密货币中是一种必要的邪恶，一种确保有助于使项目实现的人民和机构获得了无偿工作的补偿，并且该项目不仅崩溃了。

More than one-third of the total $BLUR supply has already been unlocked and is now in circulation, so the next phases of this release schedule have market participants’ full attention. If the trend seen so far continues, significant additional volumes of $BLUR will make their way into the markets over the next few months. The result could be a supply-induced downturn unless the markets can come up with some fresh $BLUR demand or supply-side use cases to absorb the unlocked tokens.

总$模糊供应的总供应已经解锁并正在流通，因此该发行时间表的下一个阶段引起了市场参与者的全部关注。如果到目前为止看到的趋势仍在继续，那么在接下来的几个月中，大量额外的$ blur量将进入市场。结果可能是供应引起的衰退，除非市场可以提出一些新鲜的$模糊需求或供应侧用例以吸收未锁定的令牌。

Blur, which has zeroed in on NFT marketplace aggregation and DeFi tools, accumulated a lot of hype upon launch and during its early operations. But as the crypto world changes and the speculative juices dry up, it’s become tougher for the company to keep pumpin’ up investor interest and the value of its token.

Blur在NFT市场聚合和DEFI工具上的归零，在发射和早期运营期间积累了很多炒作。但是，随着加密货币世界的变化和投机性果汁的变化，该公司保持UP投资者的兴趣和代币的价值变得更加困难。

Blur remains busy running its unlock schedule, which is coming off with what seems to be lots of transparency and consistency. What does this mean for long-term holders of the token? Well, it may be a bit mixed. For institutional players, the predictable inflow of liquidity seems to be coming off fine and dandy, especially with its conjoined partner, Coinbase Prime. Market prices, however, don’t seem to be validating the token as retail investors and early adopters of this space who have bought in seem to be feeling the pinch.

Blur仍然忙于运行其解锁时间表，这似乎是很多透明度和一致性。这对代币的长期持有人意味着什么？好吧，可能有点混杂。对于机构参与者而言，可预测的流动性流入似乎恰好和花花公子，尤其是与其连接的合作伙伴Coinbase Prime。但是，市场价格似乎并没有验证该空间的零售投资者和早期采用者的代币，他们似乎感觉到了捏。

The path forward for $BLUR may rely tremendously on how Blur’s main offering and community develop. More usefulness, more platform users, or a revival in the NFT market could all steady or reverse the token’s present course. Until that day, the Blur ecosystem has to make sure that it doesn’t too freely expand liquidity. If it does, value could start drifting down, and a down market for any token is a distant cousin to the cash cows we do stables in Web3.

$ Blur的前进道路可能极大地依赖Blur的主要产品和社区的发展方式。更有用，更多的平台用户或NFT市场的复兴都可以稳定或扭转令牌目前的课程。直到那天，模糊的生态系统必须确保它不会太自由地扩大流动性。如果确实如此，价值可能会开始流下来，任何代币的下降市场都是我们在Web3中做马s的现金牛的遥远堂兄。

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

披露：这不是交易或投资建议。在购买任何加密货币或投资任何服务之前，请务必进行研究。

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