36.78 Million BLUR Tokens Deposited to Coinbase Prime

IconCryptoNewsTerminal Staff16 Aug, 2024

cryptonews.jpg

36.78 Million BLUR Tokens Deposited to Coinbase Prime

On-chain crypto analyst EmberCN reported via Twitter that "36.78 million BLUR ($5.64 million) was deposited to Coinbase Prime 3 hours ago". The tokens were unlocked on the 16th and transferred from a multi-sig address. This development could indicate increasing institutional interest in the BLUR token, which is native to the Blur NFT marketplace. Coinbase Prime is a custodial service for institutional investors, so this deposit could be a sign of growing institutional adoption of NFTs. ---