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The dYdX team is about to unlock 30% of DYDX supply to investors on the dYdX chain, causing the price of the token to fall as much as 7%. Decentralized exchange dYdX is set to unlock 30% of DYDX supply on Friday, Dec. 1, 2023, by issuing 500 million DYDX (also
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Token unlocks for cryptocurrencies such as AVAX are not new but that does not negate the kind of impact that these unlocks
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In a Nov. 16 announcement, ChainGPT shared the news that it had integrated Chainlink CCIP, an industry standard for cross-chain interoperability across Ethereum and Polygon. The integration is said to allow users to list, buy and sell prompts between blockchains. Gain access to users In a blog post on the official website, ChainGPT states it
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Over the past 30 days, DYDX has more than doubled in price as speculators anticipated the token's migration from Ethereum to the dYdX chain. However, a large token unlock in just over two weeks has the potential to damp spirits. There are 179 million DYDX tokens in circulation, and the
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The crypto community has been left fearing the worst after seeing huge sums of liquidity drained from the cryptocurrency project Safereum just hours after its team had finalized a massive $600,000 fundraising.According to blockchain security firm CertiK and other analysts, the developers of Safereum — using the token deployment address
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ApeCoin (APE) will undergo a token unlock valued at $16.69 million. This development comes amidst the token’s bearish price action, which has
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The Optimism native token OP is now in the line of fire with millions of tokens set to be released into circulation.
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The price of Optimism’s native OP token is leading losses among the top 50 cryptocurrencies, falling as far as 10% on the week ahead of a $30 million token unlock.According to data from tokenomics platform Token Unlocks, 24.16 million OP tokens, which account for roughly 3% of the circulating supply
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Cryptocurrency projects often lock a part of the token’s supply and release it gradually to prevent early investors and insiders from selling in large quantities immediately after they get the allocations. When the tokens are unlocked, they become available to sell, and thus, such events are usually considered bearish; often
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The collective 20 million APT to be unlocked then equates to 112% of the average daily trading volume over the prior 30 days, according to The Tie. Source
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