51.22M $BLUR ($8.67M) were unlocked from Blur Token Lockup address 0x3f1 to Blur Multisig 0x0A0 and then ultimately to Coinbase on October 16 at 8:15 PM (UTC):

• this is part of the token-unlocking process that takes place on the 15th of every month

• Blur Token Lockup contract: 0x3f1Be79ab382f21C284008Df07E3D169867DB647

• Blur Multisig contract: 0x0A0dF165611e941cd0B3bBb716408D3DeA127d31

Overall, Blur Token Lockup address 0x3f1 has unlocked a total of 389.272M $BLUR (worth $107M) to Blur Multisig 0x0A0 since June 15 (4 months ago), which then transferred all $BLUR to Coinbase.

While there was no prominent short-term price impact post-unlock, the $BLUR price appears to have been on a persistent decline since June 15.

Fig 1. A total of 389.272M $BLUR ($107M) has been transferred to Coinbase Custody since June 15.