Beginning on December 1st, the layer-2 decentralized exchange known as dYdX will make available to early investors and key team members access to 150 million DYDX, which is equivalent to around $478 million. There has been a significant unlock, which has caused investors to express their concerns. They are concerned that the flood of new tokens might significantly expand the supply. Price of DYDX is expected to go back to its previous level, reversing the recent gains that have been achieved over the course of the last few trading weeks, if this is not matched by substantial demand. When it finally makes its debut on the market, DYDX will be worth $500 million. Venture capitalists (VCs), such as Paradigm and Polychain, have received more than fifty percent of the total value of DYDX, which is four hundred and seventy-eight million dollars, according to statistics provided by Bubblemaps. Taking a step back and analyzing their data, venture capitalists contributed one hundred million dollars to the layer-2 decentralized exchange. Coinbase Custody, Investor Distribution, and the Foundation Wallet were among the five wallets that were utilized in the process of distributing these tokens to private investors. Over $3 is the current price of DYDX, which places it at levels not seen since February 2023 and is technically bullish. The forthcoming token unlock, on the other hand, casts a shadow on the positive momentum that the token is experiencing. Read more about how the Shiba Inu L2 Shibarium has surpassed 4 million transactions as its burn rate continues to skyrocket here. It is noteworthy that dYdX has delayed the unlocking of its token by 10 months. Data indicates that the enormous DYDX unlock was first delayed from February to December 2023. This was the initial postponement. As a result of this action, the price of DYDX gradually increased. Despite this, prices began to decline until beginning to stabilize in the latter half of the second quarter, the third quarter, and the beginning of the fourth quarter of 2023. Late in the month of October 2023, DYDX had a significant upswing, riding the wave of optimism that was sweeping over the cryptocurrency market. As of current pricing, DYDX has increased by 82% from its highs in October 2023. The 20-day moving average of the BB is being retested by bears, according to the price activity that is currently being observed. It is possible that a breach below this level could cause a sell-off, which will send prices back to their highs from October 2023. Is There Any Possible Way That The Price Could Move? In spite of the fact that it is highly probable that prices would decrease either before or after the unlocking event, the team has successfully developed a strategy to alleviate the anticipated urge to sell. As an illustration, just thirty percent of the entire amount will be released during the initial unlock. Following then, there will be equal equal releases on a monthly basis for the subsequent three years. Optimists, on the other hand, consider the possibility that a sizeable number of these tokens will be distributed to the team, which might ultimately result in investors supporting prices. When compared to regular investors, team members and venture capitalists engage in trading less often. This indicates that the anticipated demand for liquidation, if any, may be minimal. Furthermore, certain members of the team and perhaps early investors could think of re-staking DYDX from their infrastructure, which would give them greater influence over the situation. #WhaleAlert #dydx #cryptocurreny