Nearly a billion dollars in token unlocks are set to hit crypto markets in August, according to the latest numbers. Citing data from TokenUnlocks, blockchain reporter Colin Wu reports that over $900 million in unlocks are ready to be released next month. Some of the largest unlocks include those from decentralized exchange (DEX) dYdX, layer-one […]
The post Over $900,000,000 in Altcoin Token Unlocks to Hit Crypto Markets in August: Report appeared first on The Daily Hodl.
The Worldcoin project’s predatory tokenomics will not result in the “greatest transfer of wealth” to the masses but a transfer to the “pockets of the Worldcoin team and insiders,” a top-ranked trader has asserted. The top trader also accused project promoters of using Open AI co-founder Sam Altman’s past endorsement of Worldcoin to prop up […]
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 Foundation (@dydxfoundation) January 25, 2023
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
Blog: https://t.co/froqUPL3ay
Apart from dYdX, other projects are also scheduled to release their hold on token allocations very soon. According to token data tracker Token Unlocks, Ethereum layer-2 network Optimism is also scheduled to unlock 24 million Optimism (OP) tokens, worth around $41 million, on Nov. 30.
In addition to dYdX and Optimism, decentralized finance protocol 1inch Network will release around 98 million 1inch (1INCH) tokens on Dec. 1. The tokens are worth about $33 million at the time of writing.
Related: dYdX founder blames v3 central components for ‘targeted attack,’ involves FBI
Meanwhile, proof-of-stake blockchain project Aptos will also be one of the projects releasing a significant number of tokens in December. Token Unlocks data shows that on Dec. 12, Aptos will unlock almost 25 million Aptos (APT) tokens worth nearly $180 million.
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Nearly 10% of the total supply of Aptos (APT) was unlocked over the weekend as 24.84 million tokens were distributed to four main groups in the ecosystem. As part of its scheduled unlocks, 1.33 million APT worth $10.72 million was given to the Aptos Foundation, 11.88 million tokens worth $95.47 million to the core contributors, […]
The post Over $181,000,000 Worth of Aptos (APT) Tokens Unlocked, Distributed to Four Major Cohorts appeared first on The Daily Hodl.
It has been a week since Ethereum’s Shapella hard fork, and statistics indicate that ethereum deposits on April 18 have exceeded withdrawals for the first time since the upgrade. At present, 929,999 ether worth $1.94 billion is pending withdrawal, and over the past three days, 112,568 ether has been added to liquid staking protocols. Just […]