Reporter
Published: November 29, 2023
- Throughout the last token unlock, DYDX’s cost action did not turn bearish.
- DYDX was down by more than 4% in the last 24 hours, and unfavorable belief around it was dominant.
Dydx [DYDX] is anticipating its next token unlock, which will inject tokens worth numerous countless dollars into the marketplace quickly. Such a huge dive in flowing supply can have an unfavorable effect on the token’s rate action.
To much better comprehend what to anticipate, let’s have an appearance at previous information.
Everything about DYDX’s upcoming token unlock
According to Lookonchain’s newest tweet, Dydx will open 150 tokens, which deserve more than $500 million, on 1st December 2023. Out of which, $280.35 million will be readily available for financiers.
Apart from DYDX, Optimism [OP]Hedera [HBAR]and Sui [SUI] are likewise anticipating a next round of token opens over the coming days.
dydx will open 150M $DYDX($505.5 M, 81.63% of Cir. Supply) on Dec 1, of which 83.19 M $DYDX($280.35 M, 46.15% of Cir. Supply) opened to Investors.
Will opening bring substantial selling pressure?