November 21, 2024
0M in locked crypto tokens to be released by December

Approximately US$750 million in vested digital assets are planned to be unlocked and launched on the market in December.

Among projects releasing locked tokens, decentralized exchange dYdX has the largest amount of unlocks. The exchange expects to unlock 150 million tokens for investors, founders, and employees in December. At current market prices, these tokens are worth nearly $500 million.

Initially, the token offering from dYdX was expected to be released in February. However, the exchange announced in January that it would extend the lock-up period. The unlock date for these tokens is now not the original issuance date, but 12:00 AM UTC on December 1, 2023.After the first unlock date in December, the company will unlock More tokens available between January 2024 and June 2024.

In addition to dYdX, other projects are also planning to release their holdings on token allocations soon. according to According to token data tracker Token Unlocks, Ethereum’s layer 2 network Optimism also plans to unlock 24 million Optimism (OP) tokens on November 30, worth approximately $41 million.

In addition to dYdX and Optimism, decentralized finance protocol 1inch Network will issue approximately 98 million 1inch (1INCH) tokens on December 1. As of this writing, these tokens are worth approximately $33 million.

related: dYdX founder accuses v3 core components of ‘targeted attack’ involving FBI

At the same time, the proof-of-stake blockchain project Aptos will also be one of the projects that releases a large number of tokens in December. Token Unlocks data shows that on December 12, Aptos will unlock nearly 25 million Aptos (APT) tokens, worth nearly $180 million.

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