MAJOR TOKEN UNLOCK 🚨😮
150M DYDX tokens worth around $500M will be unlocked on 1st December.
This unlock represents 81.63% of DYDX's circulating supply and 15% of its total supply.
Token Unlock Distribution 🔓🔓
- 83.19M to Investors
- 45.72M to Founders, Employees etc.
- 21M for Future Employees
- 1.58M for Trading Rewards
- 575.35k in Liquidity provider Rewards
Will This Crash DYDX price?
👉 Although the unlocked amount is too large, there is something most people are unaware of.
👉 The upcoming token unlocks will happen on the dYdX chain, which no centralized exchanges currently support.
👉 Also, the Ethereum-dYdX chain bridge is one-way, so the tokens on the dYdX chain can't be converted back to ERC-20.
👉 In the past few weeks, DYDX OI has increased a lot in anticipation of a dump.
👉 But most people don't know that these unlocks are happening on the dYdX chain and thus can't be dumped immediately.
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