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15.12 - 00:07
Vested Digital Assets Worth $750M Set for Release in December After Initial Delay – Will Crypto Prices Sell Off?
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Locked crypto assets valued at $750 million are set for release by December 2023, according to data gathered from the Token Unlocks platform.
A total of four decentralized blockchain protocols are looking to saturate the crypto market with their digital tokens.
Among these blockchain networks, the renowned decentralized exchange, dYdX, is scheduled to make the most significant release.
In an official announcement on X (formerly Twitter), the peer-to-peer (P2P) crypto asset platform disclosed its plan to release about 150 million tokens on December 1, 2023, at 12:00 noon UTC.
These digital tokens, valued at about $500 million in current market rates, were initially locked by investors, the founding team, and developers.
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