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December’s Crypto Buzz: Unveiling Token Unlocks & Airdrops

December’s Crypto Buzz: Unveiling Token Unlocks & Airdrops

As the year nears its end, the crypto realm braces for a flurry of token releases from various projects. A peek into the anticipated unlocks and airdrops for December, sourced from TokenUnlocks data, reveals an intriguing lineup.

Topping the list is the decentralized exchange dYdX, slated to unleash a staggering 150 million tokens—equivalent to 30% of its token reserves for investors, founders, and current/future staff—when the clock strikes midnight on December 1, UTC.

dYdX witnessed a surge in its market value following its announcement on January 25 that the planned February token unlock would undergo a delay, pushing the event to December. However, the exchange recently took a substantial $9 million hit to its insurance fund, termed by its CEO as a “targeted attack.”

In the upcoming week, noteworthy unlocks include Optimism, unlocking 32.21 million tokens valued at $58 million on November 29, and 1inch, slated to release 98.74 million tokens worth $34.5 million on December 1, as per TokenUnlocks.

READ MORE: Chainlink Introduces Staking v0.2: Enhancing Access for All

Adding to the mix of significant unlocks, Aptos is set to unleash 24.84 million tokens valued at $180 million on December 12, while ApeCoin plans to release 15.16 million tokens worth $25 million on December 16.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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