Introduction: The decentralized exchange dYdX is about to unlock 150 million tokens on December 1, accounting for 30% of its supply allocated to investors, founders and employees, with a total value of US$500 million. This major token issuance, originally scheduled for February, has been postponed for some reason.

The unlocking event was closely watched by the market, especially considering the recent loss of $9 million from the dYdX insurance fund due to a targeted attack.

This article will also provide an overview of dYdX token economics, explore potential market reactions and liquidity concerns surrounding a large token unlock, and share information on other large token unlocks in December.

This article briefly:

dYdX will unlock 150 million tokens on December 1, representing 84.41% of the circulating supply.

These tokens mainly come from investors, founders, consultants and employees. If they choose to sell them in the short term, it may trigger market selling pressure.

But there are also voices that believe that these token holders may choose to hold them for a long time, or use them for staking, thereby reducing selling pressure.

In addition to dYdX, there will be other large token unlocks in December, including Optimism, 1INCH, and more.

dYdX Token Distribution

Decentralized exchange dYdX will unlock 150 million tokens, worth about $500 million, on December 1. These tokens mainly come from investors, founders, consultants and employees, accounting for 84.41% of the circulating supply.

The token economics of dYdX consists of the following components:

Token distribution: dYdX’s token distribution is mainly divided into two parts, one for early investors, founders and employees, accounting for 60% of the total supply, and the other for the community, accounting for 40% of the total supply.

Token functions: dYdX’s token DYDX has multiple functions, including: paying transaction fees, participating in governance, staking, etc.

Token Release: dYdX’s token release is divided into four phases, of which 150 million tokens will be unlocked on December 1, accounting for 84.41% of the total supply.

The unlocking of dYdX’s 150 million tokens may have a certain impact on the price of the token. On the one hand, these tokens are mostly in the hands of investors and project teams. If they choose to sell them in the short term, it may trigger market selling pressure and cause the price of the token to fall. On the other hand, there are also voices that these token holders may choose to hold them for a long time or use them for staking, thereby reducing selling pressure.

Specifically, the unlocking of 150 million tokens of dYdX may have the following potential impacts:

Short-term selling pressure: If investors and project teams choose to sell in the short term, it may trigger market selling pressure and cause the price of the currency to fall.

Long-term holding: If investors and project teams choose to hold their tokens for a long time, or use them for staking, it may not have much impact on the price of the token.

Increased liquidity: As the supply of tokens increases, liquidity will also increase, which may have a positive impact on the price of the token.

In addition, there will be other large token unlocking in December, including Optimism, 1INCH, etc. These token unlocking may also have a certain impact on the market.

Conclusion:

dYdX’s 150 million token unlock event has made waves in the market. This article explains the latest news on dYdX’s token distribution, analyzes the market reaction and liquidity concerns, and compares it to other large token unlock events and possible impacts.

As December 1 approaches, project followers will continue to closely monitor the follow-up of this unlock to better understand its impact on dYdX and the entire crypto market. #DYDX #代币解锁