Token Unlock: Investors Should Pay Attention to These 3 Cryptocurrencies This Week
1) dYdX Protocol (DYDX)
DYDX once again stands out among the cryptocurrencies to watch out for for those who will want to avoid trading this week due to unlocks. Similarly, on February 29, 33.34 million tokens worth $130 million were unlocked. Now the protocol will put the same amount of DYDX into circulation on March 31, worth $117.33 million. This represents a loss of approximately 10% in the monthly price of the DeFi cryptocurrency.
As for the distribution, early investors will receive most of the unlocks worth $65.07 million by the time the news goes live. The team will have $35.83 million worth of DYDX to sell in the coming weeks, with the remaining $16.43 million reserved for future employees.
Note: Our $10 reward event for 10 people who like 5 posts, including the pinned post, will end on March 31st at 20:00. For your information.
