$750 Million Worth of Vested Digital Assets Set to be Unlocked in December
In December, approximately $750 million worth of vested digital assets are scheduled to be unlocked and released into the markets. 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, worth almost $500 million at current market prices.
Other Projects Unlocking Tokens
In addition to dYdX, other projects are also scheduled to release their hold on token allocations. Ethereum layer-2 network Optimism is set to unlock 24 million Optimism (OP) tokens, worth around $41 million. Decentralized finance protocol 1inch Network will release around 98 million 1inch (1INCH) tokens worth about $33 million. Aptos, a proof-of-stake blockchain project, will unlock nearly 25 million Aptos (APT) tokens worth nearly $180 million.
Hot Take: Token Unlocking May Impact Market Dynamics
The unlocking of these significant amounts of tokens could potentially impact the crypto market dynamics. As these tokens become available for trading, there may be increased volatility and potential price fluctuations. Investors should closely monitor these developments and consider their implications before making any investment decisions.
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