As we approach the end of the year, the cryptocurrency market is buzzing with anticipation for a series of significant token unlocks and airdrops. A multitude of crypto projects are set to unleash substantial amounts of tokens, and here’s a detailed look at the most noteworthy ones slated for December, based on data from TokenUnlocks.
Decentralized Exchange dYdX Takes the Lead
Stealing the limelight is dYdX, a decentralized exchange, which is set to unlock a staggering 150 million tokens. This constitutes 30% of its tokens assigned to investors, founders, and both past and future employees. This monumental unlock, scheduled for December 1, is valued at a whopping $500 million, as per The Block’s price data. The price of dYdX saw a significant surge earlier this year when it announced the delay of this unlock, initially planned for February, to December. This delay follows a recent setback where the exchange suffered a $9 million loss to its insurance fund due to a “targeted attack”.
Other Noteworthy Token Unlocks
Following closely behind are Optimism and 1inch, both set for substantial token unlocks. Optimism plans to unlock 32.21 million tokens, valued at $58 million, on November 29. On the other hand, 1inch is set to unlock 98.74 million tokens, worth $34.5 million, on December 1. Both valuations are based on data from TokenUnlocks.
Wrapping up the major unlocks for December are Aptos and ApeCoin. Aptos is set to unlock 24.84 million tokens valued at $180 million on December 12. ApeCoin plans to unlock 15.16 million tokens worth $25 million on December 16. These figures are based on data from TokenUnlocks and The Block’s price data.
Upcoming Airdrops
On the airdrop front, Jupiter, a DEX aggregator on Solana, has announced that the claim page for its forthcoming airdrop will go live on Friday. This will allow users to verify their token allocation. The exchange has also clarified how it adjusted the allocation to account for bot activity and power users with multiple wallets.
With these substantial token unlocks and airdrops, it’s crucial to stay updated on the latest market trends and price movements. A useful tool for this is cryptoview.io, which offers comprehensive and real-time data, helping you make informed decisions.
Please note that while we strive to provide accurate and timely information, it’s essential to do your own research and consult a financial advisor before making any investment decisions.
