DYdX, Optimism, 1inch and Aptos are expected to release over $750 million in locked tokens by December, according to data tracker Token Unlocks.
Around $750 million of vested digital assets are scheduled to be unlocked and released into the markets in December.
Among the projects releasing locked tokens, the decentralized exchange dYdX will unlock the largest amount. The exchange is expected to unlock 150 million tokens vested for investors, founders and employees in December. The tokens are worth almost $500 million at current market prices.
Initially, the tokens issued by dYdX were supposed to be released in February. However, the exchange announced in January that the lock-up would be extended. Instead of their original release date, the tokens are now set to be unlocked on Dec. 1, 2023, at 12:00 am UTC. Following the initial unlock date in December, the company will unlock more tokens between January 2024 and June 2024.
Token Unlock Update
dYdX Trading Inc., dYdX Foundation and certain parties to the Warrants to Purchase Tokens signed an amendment to, among other things, postpone the initial release date applicable to investor $DYDX tokens to Dec 1, 2023.
