- Over $480 million in tokens from numerous projects will be unlocked next month.
- APT has the most staggering unlock value as $237 million tokens would be released.
- Several other projects with unlock events in January include dYdX, OP, and INJ.
The crypto community has been abuzz with the sheer weight of crypto tokens set to flood the market in January alone. A DeFi researcher with X username recently called public attention to 12 crypto projects with plans to unleash multi-million dollar coins throughout January. Data from notable tracking platforms such as Token Unlock backed the information in the curated list.
The native token of the prominent decentralized exchange dYdX (DYDX) led the pack as its next unlock is scheduled for tomorrow, the first day of the new year. The dYdX team will release 33.3 million tokens that comprise 12.36% of the circulating supply. Notably, the to-be-freed assets hold a market value estimated at approximately $101,000,000.
Notably, dYdX investors will receive about $60 million, while founders, employees, advisors, and consultants will collectively receive over $31 million. Additionally, $14 million has been allocated for f…
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