In a social media post, Ki Young Ju, chief executive of CryptoQuant, said he supported Mr. Sun's move to sell the unlocked tokens and saw nothing wrong with it. He said the WLFI Foundation was to blame for "de-banking" its users, which was against the purpose of its establishment.
According to on-chain analyst Ember, Blur transferred the unlocked tokens from May to Coinbase Prime 5 hours ago. 35.54 million BLUR (12.96 million USD) was unlocked from Blur to the 0x0A0 multisig address 8 hours ago, and then transferred to Coinbase Prime via the 0x0A0 multisig address 5 hours ago. BLUR Since entering the unlock cycle on June 15, 2023, BLUR has accumulated and transferred 23% (690.70 million) of the total amount of BLUR to Coinbase Prime.