dYdX is poised for a significant token unlock, as approximately 150 million $DYDX tokens are set to enter circulation on December 1. This release constitutes almost 80% of the current circulating supply of DYDX.
Originally, these tokens were slated for unlock in January 2023. However, due to the bear market conditions, this scheduled unlocking event was deferred.
Looking ahead to 2024, nearly 34 million DYDX tokens will be unlocked monthly for the initial six months. Consequently, the DYDX circulating supply, presently standing at 188 million tokens, is anticipated to nearly triple, reaching approximately 553 million tokens by June 1, 2024.
