Dear Bitruers,
Today, we are excited to share a new article about dYdX!. Be sure to follow Bitrue's Official Twitter and Telegram to stay updated!
Introduction
Decentralized exchange dYdX is set to release 150 million tokens, equivalent to 30% of its token allocation, to investors, founders, and employees on December 1st, midnight UTC. The value of these tokens currently stands at a staggering $500 million based on current price data.
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Delayed Unlock and Market Impact
Initially slated for February, this unlock was postponed until December, a move that sparked a surge in dYdX's price after the announcement in January. However, the exchange recently faced a setback, with a $9 million hit to its insurance fund, termed as a "targeted attack" by its CEO.
December's Token Unlocks
Beyond dYdX, other significant token unlocks are scheduled for December. Optimism and 1inch are set to unlock 32.21 million tokens ($58 million) on November 29th and 98.74 million tokens ($34.5 million) on December 1st, respectively, according to TokenUnlocks.
Additionally, Aptos will unlock 24.84 million tokens ($180 million) on December 12th, and ApeCoin will release 15.16 million tokens ($25 million) on December 16th, as reported by TokenUnlocks and current price data.
Airdrops in Focus
In tandem with these unlocks, Jupiter, a DEX aggregator on Solana, announced the imminent launch of its claim page for an upcoming airdrop. Users can check their token allocation starting this Friday, with adjustments made to the allocation to counter bot activity and multiple wallets used by power users.
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