Rumor: dYdX moves token unlock time to December

Information appeared that the DEX exchange would suddenly delay the token unlocking time up to 10 months, causing the price of DYDX to jump.

dYdX moves token unlock time to December

According to sources from The Blockthe decentralized exchange dYdX will move the DYDX token unlocking time from February 2023 to December 2023.

Previously, according to the original roadmap, dYdX would unlock 150 million tokens (worth $282 million) on February 3 for early investors, community members, and the project’s own funds. If this happens, the circulating supply of DYDX will be doubled from the current 156 million. Over the coming months, dYdX will continue to unlock more tokens.

DYDX Unlock Schedule. Source: Token Unlocks

The Block confirmed with the new change, the amount of tokens to be put on the market will be reduced to 83 million DYDX, worth $156 million.

The DYDX price immediately reacted positively to the news, up 25% to $2.2.

1-hour chart of the DYDX/USDT pair on Binance at 11:35 PM on January 25, 2023

Even so, dYdX has yet to make an official statement regarding the change to the token unlocking schedule.

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