Token

Tornado Cash

Optimism

<p><a href="https://www.cryptopolitan.com/crypto-trading-orders-key-investing-success/">Crypto</a> enthusiasts and investors brace themselves as Token Unlock, a prominent tracker of locked tokens, reveals details of upcoming token unlocks slated for the first week of January 2024. This disclosure shines a spotlight on the significant value of tokens worth more than $150.84 million set to flood the crypto market as the new year kicks off.</p> 
<p>In what promises to be a dynamic start to the year, decentralized exchange dYdX (DYDX) takes the lead by unveiling plans to release 33.3 million DYDX tokens on January 1. These tokens are currently valued at a staggering $111.33 million. This release constitutes 12.36% of the circulating supply, making it a pivotal event for <a href="https://twitter.com/Token_Unlocks/status/1740660013616734374" rel="nofollow noopener" target="_blank">DYDX</a> investors and the crypto community at large.</p> 
<h2 class="wp-block-heading" id="beneficiaries-of-dydx-token-unlock-event">Beneficiaries of DYDX token unlock event</h2> 
<p>As the DYDX token unlock event approaches, Token Unlock provides insights into the distribution of the tokens. Investors in dYdX are set to receive a significant share of $61.74 million, while founders, employees, advisors, and consultants will claim $34.00 million.&nbsp;</p> 
<p>Future employees have also been allocated a substantial portion, amounting to $15.59 million. This distribution strategy ensures that various stakeholders benefit from the unlocking of DYDX tokens.</p> 
<p>On January 5, Galxe (GAL) is poised to introduce three million units of its tokens into the market, with a current market value of $7.03 million. The allocation of these tokens reflects the project’s commitment to different facets of its ecosystem.&nbsp;</p> 
<p>Notably, $4.68 million is designated for marketing efforts, while $975,000 will be directed to the project team. An additional $1.37 million is earmarked for the community, emphasizing the importance of community<a href="https://www.cryptopolitan.com/blackrock-revamps-bitcoin-etf/"> involvement</a> in the GAL project.</p> 
<h2 class="wp-block-heading" id="other-projects-unlocking-tokens-in-january">Other projects unlocking tokens in January</h2> 
<p>January proves to be a bustling month for token unlocks, with several other projects joining the fray. Acala (ACA) will release tokens worth $3.04 million, while Liquidity (LQTY) and Tornado Cash (TORN) unlock tokens valued at $1.02 million and $172,330, respectively. These releases mark significant events for their respective communities and investors.</p> 
<p>Optimism (OP) and Sui (SUI) are getting ahead of the curve by unlocking tokens in late December. On December 30, Optimism plans to release over $96 million worth of OP tokens. These tokens will be distributed among core contributors and investors, making it a crucial event in the project’s development. On December 31, Sui (SUI) follows suit with its token unlock, further contributing to the year-end excitement in the crypto space.</p>

Unlocking tokens: Crypto projects to release over $150M in January 2024

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