Unlocking over $750 Million Worth of Pegged Tokens: dYdX, Optimism, 1inch Network, and Aptos Revealed

2023-11-27 14:33:05

According to Token Unlocks, dYdX, Optimism, 1inch Network, and Aptos are expected to unlock and market more than $750 million worth of pegged tokens in the coming days. Among the projects, the largest amount – expected to be 150 million tokens – will be unlocked by the dYdX decentralized cryptocurrency exchange. The tokens are worth nearly $500 million at current market prices. Originally, everything was supposed to happen in February, but in January it was announced that the locking of the tokens had been extended. Instead of the original date, December 1 has now been set as the date of the event, after which additional tokens are expected to be unlocked between January and June 2024. According to the data, Optimism also plans to unlock 24 million OP tokens, which are currently worth $41 million, on November 30. The 1inch Network decentralized financial protocol also has similar plans: on December 1st, they will release about 98 million 1INCH tokens, worth $33 million. Meanwhile, the Aptos proof-of-stake blockchain project will be one of the projects to issue a significant amount of tokens (expected to be worth $180 million on December 12) in December. Our other interesting articles:

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