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Home»ADOPTION NEWS»DYdX Unlocks $500 Million Tokens, 30% of Supply
ADOPTION NEWS

DYdX Unlocks $500 Million Tokens, 30% of Supply

By Crypto FlexsNovember 27, 20232 Mins Read
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DYdX Unlocks 0 Million Tokens, 30% of Supply
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In the coming weeks, a number of cryptocurrency projects will unlock significant amounts of tokens. Here’s a breakdown of the most important unlocks and airdrops for the month of December, according to TokenUnlocks data:

Leading decentralized exchanges dYdX D.Y.D.X.

-6.16%
this is release 150 million tokens (or 30% of tokens allocated to investors, founders, past and future employees) – as of midnight December 1st (UTC). According to The Block’s, the token’s current price stands at $500 million. pricing data.

The price of dYdX soared on January 25 this year when it was announced that the unlock, originally scheduled for February, would be postponed to December. The exchange recently suffered a $9 million loss to its insurance fund due to what its CEO called a “targeted attack.”

Next week will feature significant token unlocks. optimism OP

-0.98%
This unlocks 32.21 million tokens. value $58 million on November 29; 1 inch 1 inch

-5.19%
This unlocks 98.74 million tokens. value $34.5 million as of December 1, according to TokenUnlocks.

Wrapping up the important unlocks is apartment appropriate

-2.65%
This unlocks 24.84 million tokens. value $180 million at prices as of December 12; Ape Coin monkey

-5.16%
This unlocks 15.16 million tokens. value $25 million as of December 16, based on pricing data from TokenUnlocks and The Block.

airdrop

Jupiter, Solana’s DEX collector, presentation Today the billing page Upcoming airdrop It launches on Friday for users to confirm their token allocation. The exchange also detailed how it has modified allocations to account for bot activity and power users with multiple wallets.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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