Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock
The token unlock, which will take place on Feb. 2, will release 150 million coins worth about $200 million and 15% of the total supply.
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The dYdX price is $2.47, a change of 1.78% over the past 24 hours as of 10:42 a.m. The recent price action in dYdX left the tokens market capitalization at $2,466,437,155.55. So far this year, dYdX has a change of 123.45%. dYdX is classified as a N/A under CoinDesks Digital Asset Classification Standard (DACS).
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The token unlock, which will take place on Feb. 2, will release 150 million coins worth about $200 million and 15% of the total supply.
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