Critical Development For These 7 Altcoins: Millions Of Dollars Worth Of Tokens Are Being Unlocked!

Token Unlock, the platform that tracks locked tokens, has revealed the specifics of upcoming unlocks. The unlocking process is scheduled for January 29 and February 4 in various crypto projects This statement sheds light on the characteristics of tokens totaling over $215.03 million that are set to enter the crypto market in the next seven days.

At the top of these projects is the token of the famous decentralized exchange dYdX (DYDX). According to market data, the dYdX team will launch 33.3 million DYDX tokens on Feb. 1. This figure equates to a market capitalization of $92.67 million at press time, considering the value of DYDX. Significantly, these 33.3 million tokens account for 10.63% of the circulating supply.

Additionally, Token Unlock has revealed a detailed breakdown of the recipients of the upcoming unlock event. Notably, dYdX investors are set to receive $51 million, while founders, employees, advisors, and advisors are set to receive $28 million. In addition, $ 13 million is set aside for future employees.

Optimism (OP) followed dYdX closely with an unlock event scheduled for the last week of January. The OP team plans to launch 24.16 million units of OP on January 30, with a market value of $75 million. Regarding the distribution, $39 million was set for core participants, while 35 million units were allocated to investors.

Other projects include NYM ($9.48 million), SUI ($45.56 million) and Acala ($ACA, $2.11 million).Koinfinans.com Meanwhile, Euler (EUL, $0.38 million) and Tornado Cash (TORN, $150K) plan to unlock tokens on Feb. 1. So far, it has unlocked 81.19% and 78.92% of EUL and TORN tokens, respectively.

.entry__sponsor { color:#323232; Font- padding:1.4rem 10px; box-shadow: rgba(0,0,0,.18) 0 2px 4px; margin:10px 10px 10px 0; font-size:0.8rem; line-height:1.2; }