DYDX token surges as unlock gets delayed until December
Decentralized derivatives exchange dYdX has delayed the unlock of its native DYDX token for investors until the fourth quarter, the exchange announced in a blog post Wednesday.
More than 150 million tokens had been planned to be released to early investors and dYdX founding team members on Feb. 3, but those plans have now been shelved until December. Now, 83 million of those tokens allocated to investors will be unlocked on Dec. 1, reducing the scheduled increase in supply next month.