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Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock

The token unlock, which will take place on Feb. 2, will release 150 million coins worth about $200 million and 15% of the total supply.

Updated Jan 20, 2023, 4:14 p.m. Published Jan 20, 2023, 2:35 p.m.
Crypto derivatives exchange dYdX is set to unlock its DYDX token. (Unsplash, modified by CoinDesk)
Crypto derivatives exchange dYdX is set to unlock its DYDX token. (Unsplash, modified by CoinDesk)