DYDX Pumps Ahead of Massive $500M Token Unlock

Blockonomics
Atmosphere (Shutterstock/CoinDesk)
Blockonomics



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 upcoming unlock will increase that to 395 million, according to token.unlocks.



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