📰 Important unlocks coming:

$PRIME | Promising Gaming + AI

🔸 Unlock: 4.89% → $21.11M | Feb 28th

$OP | ETH L2

🔸 Unlock: 2.52% → $101M | Feb 28th

$DYDX | Top DEX

🔸 Unlock: 11.8% → $113.3M | Feb 29th

💡 What is a #Tokenunlock ?

When a project is born, it normal retributes people/companies that generate value to them through tokens.

🔹 Investors give $$$ → project gives tokens

🔹 Founders give time and effort → project gives tokens

🔹 Community give interaction/support → project gives tokens, and so on.

Then, the project let them know how long the token would be “locked” (without available for trading or anything) a.k.a as the “Vesting Period”

So, for $DYDX we could read this news as:

On Feb 29th an amount of tokens that represent 11.8% of DYDX circulating supply is going to be released.

Having almost 12% of the circ. supply extra in the market could impact the price negatively if the demand do not cover the offer.

It’s always important to keep an eye on significant unlocks. As this is public info, many investors, the ones who do their own research, acted way before the date. Now we know what they know.

#dYdXChain #Prime #Optimism