Token

Acala

Galxe

Coin

<ul class="news-points"> 
 <li>Over $150 million of crypto tokens will be unlocked in the first week 2024.</li> 
 <li>dYdX leads the pack with a $111 million unlock, representing 12% of its circulating supply.</li> 
 <li>Other projects like Galxe and Acala also have token unlocks scheduled for January.</li> 
</ul> 
Token Unlock, a leading tracker of locked tokens, has <a href="https://x.com/Token_Unlocks/status/1740660013616734374?s=20" target="_blank" rel="nofollow">disclosed</a> the details of the upcoming unlock for various crypto projects scheduled between now and January 7, 2024. This revelation brings to light the substantial value of tokens worth over $150.84 million set to be unleashed upon the crypto market in the opening week of the new year. 
Leading the pack was the token of the prominent <a href="https://coinedition.com/dydx-faces-backlash-for-risk-management-failures-amid-9m-hack/">decentralized exchange, dYdX (DYDX)</a>. Per the market data, the dYdX team would unleash 33.3 million DYDX tokens on January 1, which holds a market value of $111.33 million at the time of writing. Notably, the 33.3 million tokens represent 12.36% of its circulating supply.&nbsp; 
Furthermore, Token Unlock provided a breakdown of the beneficiaries of the upcoming unlock event. Specifically, dYdX investors would share $61.74 million, while founders, employees, advisors, and consultants would take $34.00 million. Also, future employees have bee…
The post <a href="https://coinedition.com/150m-crypto-tokens-set-to-flood-market-in-first-week-of-new-year/">$150M+ Crypto Tokens Set to Flood Market in First Week of New Year</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

$150M+ Crypto Tokens Set to Flood Market in First Week of New Year

Coin Edition

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