Locked Crypto Tokens Will Be Released Soon
Decentralized exchange dYdX is set to release around $750 million worth of vested digital assets into the markets in December.
The largest amount of tokens will be unlocked by the exchange, with 150 million tokens vested for investors, founders, and employees.
The tokens are expected to be released on December 1, 2023, at 12:00 am UTC. The company plans to unlock more tokens between January 2024 and June 2024. Other projects, such as Ethereum layer-2 network Optimism, decentralized finance protocol 1inch Network, and proof-of-stake blockchain project Aptos, are also set to release their hold on token allocations soon. Optimism is expected to unlock 24 million OP tokens worth around $41 million on November 30, while 1inch Network will release around 98 million 1inch tokens worth around $33 million. Aptos is also expected to release almost 25 million tokens worth nearly $180 million on December 12.
(With inputs from Shikha Singh)
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