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

• Over $150 million of crypto tokens will be unlocked in the first week 2024.
• dYdX leads the pack with a $111 million unlock, representing 12% of its circulating supply.
• Other projects like Galxe and Acala also have token unlocks scheduled for January.

Token Unlock, a leading tracker of locked tokens, has disclosed 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 decentralized exchange, dYdX (DYDX). 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. 

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…

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