Token

Aptos

Optimism

Foundation

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 DYdX, Optimism, 1inch and Aptos are expected to release over $750 million in locked tokens by December, according to data tracker Token Unlocks.
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<div class="cointelegraph">
 Around $750 million of vested digital assets are scheduled to be unlocked and released into the markets this coming December.&nbsp;
 Among the projects releasing locked tokens, decentralized exchange (DEX) dYdX will unlock the largest amount. The exchange is expected to unlock 150 million tokens vested for investors, founders and employees in December. The tokens are worth almost $500 million at current market prices.
 Initially, the <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> issued by dYdX were supposed to be <a rel="noopener noreferrer nofollow" title="released" href="https://thebittimes.com/tag/released.html">released</a> in February. However, the exchange announced in January that the lock-up would be extended. Instead of their original <a rel="noopener noreferrer nofollow" title="release" href="https://thebittimes.com/tag/release.html">release</a> date, the <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> are now set to be un<a rel="noopener noreferrer nofollow" title="locked" href="https://thebittimes.com/tag/locked.html">locked</a> on Dec. 1, 2023, at 12:00 (UTC). Following its initial unlock date in December, the company will unlock more <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> from January 2024 to June 2024.
 <blockquote class="twitter-tweet">
 Token Unlock Update dYdX Trading Inc., dYdX Foundation and certain parties to the Warrants to Purchase Tokens signed an amendment to, among other things, postpone the initial <a rel="noopener noreferrer nofollow" title="release" href="https://thebittimes.com/tag/release.html">release</a> date applicable to investor $DYDX <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> to Dec 1, 2023 Blog: https://t.co/froqUPL3ay — dYdX Foundation (@dydxfoundation) January 25, 2023
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 Apart from dYdX, other projects are also scheduled to release their hold on token allocations very soon. According to token data tracker Token Unlocks, Ethereum layer-2 network Optimism is also scheduled to unlock 24 million Optimism (OP) tokens, worth around $41 million, on Nov. 30.&nbsp;
 In addition to dYdX and Optimism, decentralized finance (DeFi) protocol 1inch will release around 98 million 1inch (1INCH) tokens on Dec. 1. The tokens are worth around $33 million at the time of writing.
 Related: dYdX founder blames v3 central components for ‘targeted attack,’ involves FBI
 Meanwhile, proof-of-stake (PoS) blockchain project Aptos will also be one of the projects releasing a significant number of tokens in December. Token Unlocks data shows that on Dec. 12, Aptos will unlock almost 25 million Aptos (APT) tokens worth almost $180 million.
 Magazine: $308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/750m-in-locked-crypto-tokens-to-be-released-by-december-tbt71736.html">https://thebittimes.com/750m-in-locked-crypto-tokens-to-be-released-by-december-tbt71736.html</a>

$750M in locked crypto tokens to be released by December

TheBitTimes

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