Major token unlock events are scheduled next week for Optimism and other
projects, releasing previously blocked tokens under fundraising terms.

These events can lead to price volatility based on market conditions and
investor reactions.
Token unlocks release previously restricted tokens tied to fundraising agreements. Projects schedule these events strategically to limit market pressure and stabilize
prices.
Here are five large token unlocks scheduled for next week for January'2025.
Ethena (ENA)
Unlock date: January 29Number of tokens unlocked: 12.86 million ENACurrent circulating supply: 3.03 billion ENA
Ethena, a synthetic currency protocol on Ethereum, delivers a solution independent of traditional banking. It also offers global users a dollar-denominated savings tool called the “Internet Bond.”
Ethena’s native token, ENA, allows holders to take part in governance decisions for the protocol. On January 29, Ethena will unlock over 12 million ENA tokens, valued at $11 million, with the funds allocated to ecosystem development.

ENA Unlock. Source:  Tokenomist
Optimism (OP)
Unlock date: January 31Number of tokens unlocked: 31.34 million OPCurrent circulating supply: 1.35 billion OP
Optimism, a Layer-2 scaling solution, speeds up transactions and reduces costs on Ethereum. Its OP token is essential for governance, letting holders vote on
proposals and influence the network’s future.

On January 31, Optimism will unlock 31.34 million OP tokens.

According to Tokenomist (formerly TokenUnlocks), these tokens will be
distributed to core contributors and investors.

OP Unlock. Source:  Tokenomist

Sui (SUI)
Unlock date: February 1Number of tokens unlocked: 64.19 million SUICurrent circulating supply: 3 billion SUI
Sui is a high-performance Layer-1 blockchain built to optimize network operations
and security through a Proof-of-Stake consensus mechanism. Launched in 2021 by Mysten Labs, the project was founded by former Novi Research employees who
contributed to the development of the Diem blockchain and the Move programming language.

The SUI token enables governance, allowing holders to vote on proposals and shape the platform’s future. On February 1, a major token unlock will release tokens allocated to Series A and B participants, the community reserve, and the Mysten Labs
treasury.

SUI Unlock. Source:  Tokenomist

ZetaChain (ZETA) 
Unlock date: February 1Number of tokens unlocked: 44.26 million ZETACurrent circulating supply: 634.37 million ZETA
ZetaChain is a decentralized blockchain platform that facilitates seamless
interoperability across different blockchain networks. Its key feature allows
cross-chain communication, enabling the transfer of tokens and data between
blockchains like Ethereum and Binance Smart Chain.
On February 1, ZetaChain will unlock nearly 45 million ZETA tokens.

These tokens will fund initiatives such as a user growth pool, an ecosystem growth
fund, core contributor rewards, advisory roles, and liquidity incentives.

ZETA Unlock. Source: Tokenomist

dYdX (DYDX)
Unlock date: February 1Number of tokens unlocked: 8.33 million DYDXCurrent circulating supply: 722 million DYDX
In early 2023, dYdX, the largest decentralized perpetual futures trading protocol,
announced changes to its initial tokenomics.

According to the update, 27.7% of dYdX’s total supply will go to early
investors, 26.1% to the treasury, 15.3% to the team, and 7.0% to future
dYdX employees and consultants.
Most DYDX unlocked on February 1 will be distributed among founders and
investors, with the remaining tokens reserved for current and future employees.

DYDX Unlock. Source:  Tokenomist

Next week’s cliff token unlocks will also include Eigen Layer (EIGEN), Celo (CELO),
and Moca Network (MOCA), among others, with a total combined value exceeding $450 million.
Crypto market is volatile, always DYOR (Do Your Own Research) before dive into
any investments in it.

#Token #SUI🔥 #zeta #DYDX🔔 #ENA

$DYDX

Hey Binancians! 👋
If you're still bullish on DYDX, this might be your chance to snag a great deal! 👀 The chart is showing a strong support block, which could be a fantastic entry point for those looking to buy.
Here's the deal:
* Support Block: The price has been holding steady in this range, forming a solid support block. This is a great sign for potential buyers.
* Target: The minimum target is set at a whopping 20% profit! 🤑
Here's the plan:
* Buy Now! Don't miss out on this potential opportunity!
* Set Your Stop-Loss: Always protect your profits! Set a stop-loss order to limit your potential losses. ⚠️
Remember:
* Do your own research: This is just one perspective, so always do your own research before making any investment decisions.
Let's see if DYDX can reach new heights! 🚀🚀🚀
What do you think about DYDX? Share your thoughts in the comments below! 👇
Disclaimer: This is not financial advice. Please consult with a financial advisor before making any investment decisions.
#DYDX🔔 #Binance #Crypto #Trading #Investment

$DYDX

Binance’s recent announcement to end support for DYDX token deposits and withdrawals via the Ethereum (ERC20) network has triggered ripples across the cryptocurrency market. Effective February 12, 2025, this move has sparked debates about market stability, liquidity challenges, and the future prospects of DYDX, which is closely tied to the decentralized dYdX exchange.

Implications of Binance’s Decision
On December 31, Binance announced it will discontinue
DYDX
token transactions on the Ethereum (ERC20) network. While the exchange clarified that DYDX transactions would remain supported through other networks on its platform, the move has raised concerns among investors and traders. Notably, deposits made via the ERC20 network after the February 12 deadline will not be credited, creating potential risks of asset loss for users unaware of the changes.

This decision aligns with Binance’s ongoing efforts to optimize its network offerings, but it has sparked questions about the impact on DYDX’s liquidity and market position. Historically, Binance’s support decisions have significantly influenced token dynamics, with the recent addition of Phala Network (PHA) and dForce (DF) tokens leading to notable price surges.

In contrast, DYDX’s price reacted negatively to the announcement, dipping 2% to trade at $1.48. The token’s market cap currently stands at $1 billion, with a 24-hour trading volume of $37 million. This downturn underscores the sensitivity of the market to such announcements, especially for tokens heavily reliant on major exchange listings.

Technical Analysis
From a technical perspective,
DYDX
is showing signs of potential recovery despite the bearish sentiment. The token’s Relative Strength Index (RSI) currently hovers at 42, approaching the oversold region. This indicates a potential buying opportunity for traders anticipating a rebound.

Key support is identified at its 1-month low of $1.447, a critical level to watch for further price stability. On the upside, a reversal could see resistance at the 38.2% Fibonacci retracement level, a pivotal point for traders eyeing short-term gains.

In the broader context, DYDX’s 24-hour price range of $1.447 to $1.558 highlights a narrow trading window, suggesting cautious market activity. The dYdX exchange’s robust futures trading volume—$231 million over the past 24 hours—shows continued engagement, with BTC/USD and ETH/USD pairs leading at $94 million and $46 million, respectively. This robust trading activity provides a foundation for potential recovery, contingent on improved sentiment.

Market Dynamics and Future Outlook
Binance’s decision reflects a broader trend of network optimizations among major exchanges. While this strategy aims to streamline operations and enhance user experience, it inevitably impacts specific tokens. The divergence in market responses—DYDX’s dip versus the rally of tokens like PHA and DF—underscores the importance of exchange support in shaping token trajectories.

For
DYDX
, the coming weeks will be critical. The token’s ability to maintain liquidity and attract traders despite reduced support on Ethereum will determine its resilience. Investors should closely monitor updates from Binance and the dYdX exchange, as well as technical indicators like RSI and Fibonacci retracement levels, for informed decision-making.

Conclusion
Binance’s withdrawal of DYDX support on Ethereum highlights the evolving dynamics of crypto exchanges and their influence on token performance. While the immediate impact has been a price dip, DYDX’s technical setup suggests potential recovery opportunities. As the February 2025 deadline approaches, traders and investors must adapt to the changing landscape, leveraging both fundamental insights and technical analysis to navigate the market effectively.
#DYDX🔔 #Binance #BinanceAlphaAlert