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In the first week of 2024, the unlocking of tokens worth $150 million is planned
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In the first week of 2024, the unlocking of tokens worth $150 million is planned

Dec 30, 2023

At the beginning of 2024, the cryptocurrency market is expecting a significant event: the unlocking of tokens worth over 150 million dollars. This concerns various crypto projects, according to data from the Token Unlock tracker of locked tokens.

The main volume of crypto assets will be released by the decentralized exchange dYdX. They plan to release 33.3 million DYDX tokens, whose current market value is estimated at 111.33 million dollars. This amount represents 12.36% of the circulating supply. The distribution of DYDX tokens will be as follows: dYdX investors will receive 61.74 million dollars, founders, employees, advisors, and consultants - 34 million dollars, and 15.59 million dollars are allocated for future employees.

Another project, Galxe, also plans to release additional tokens. On January 5th, three million GAL worth 7.03 million dollars will be distributed among marketing, the project team, and the community. Among other mentioned projects are Acala, Liquidity, and Tornado Cash, with the total value of unlocked tokens exceeding 4 million dollars.

Additionally, Optimism and Sui plan to unlock their tokens at the end of December, with a total value of over 96 million dollars, which will be distributed among key participants and investors. These events could have a significant impact on the cryptocurrency market, considering the volumes and value of the assets being unlocked.

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