š° Amazing Crypto Wealth: $750M Release in December!
š Exciting Developments Ahead! According to data tracker Token Unlocks, a staggering $750 million in locked crypto tokens is set to be released into the markets by December.
š dYdX Takes the Lead:
The decentralized exchange dYdX is gearing up to unlock the largest share. With 150 million tokens, valued at nearly $500 million, dYdX will unleash its locked assets on December 1, 2023, at 12:00 am UTC. Initially slated for release in February, this extended lock-up period adds anticipation for a substantial market impact.
š Beyond dYdX:
Other noteworthy projects are also joining the release party. Ethereum layer-2 network Optimism is scheduled to unlock 24 million OP tokens, worth around $41 million, on Nov. 30. Following suit, decentralized finance protocol 1inch Network plans to release approximately 98 million 1INCH tokens, valued at about $33 million, on Dec. 1.
š” Aptos in the Mix:
Proof-of-stake blockchain project Aptos adds to the excitement by unlocking nearly 25 million APT tokens, totaling nearly $180 million, on Dec. 12.
š Market Implications:
As these tokens flood the market, industry watchers anticipate noteworthy shifts in dynamics and prices. Stay tuned for potential opportunities and market reactions!
š Save the Dates:
Dec. 1: dYdX's significant token release.Nov. 30: Optimism's unlocking event.Dec. 1: 1inch Network's token release.
Dec. 12: Aptos joins the release with its substantial token unlocking.
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