1inch

Approximately $334 million worth of tokens from Aptos, Optimism, and 1inch will be unlocked and introduced into the liquidity in December 2023.
The post December Brings in Whopping $334 Million Worth of Token Unlocks – Aptos (APT), Optimism (OP), 1inch Lead Way appeared first on BeInCrypto.

December Brings in Whopping $334 Million Worth of Token Unlocks – Aptos (APT), Optimism (OP), 1inch Lead Way


                    
                    DYdX, Optimism, 1inch and Aptos are expected to release over $750 million in locked tokens by December, according to data tracker Token Unlocks. 
                    Around $750 million of vested digital assets are scheduled to be unlocked and released into the markets this coming December. Among the projects releasing locked tokens, decentralized exchange (DEX) dYdX will unlock the largest amount. The exchange is expected to unlock 150 million tokens vested for investors, founders and employees in December. The tokens are worth almost $500 million at current market prices. Initially, the tokens issued by dYdX were supposed to be released in February. However, the exchange announced in January that the lock-up would be extended. Instead of their original release date, the tokens are now set to be unlocked on Dec. 1, 2023, at 12:00 (UTC). Following its initial unlock date in December, the company will unlock more tokens from January 2024 to June 2024. Token Unlock UpdatedYdX Trading Inc., dYdX Foundation and certain parties to the Warrants to Purchase Tokens signed an amendment to, among other things, postpone the initial release date applicable to investor $DYDX tokens to Dec 1, 2023Blog: https://t.co/froqUPL3ay— dYdX Foundation  (@dydxfoundation) January 25, 2023

Apart from dYdX, other projects are also scheduled to release their hold on token allocations very soon. According to token data tracker Token Unlocks, Ethereum layer-2 network Optimism is also scheduled to unlock 24 million Optimism (OP) tokens, worth around $41 million, on Nov. 30. In addition to dYdX and Optimism, decentralized finance (DeFi) protocol 1inch will release around 98 million 1inch (1INCH) tokens on Dec. 1. The tokens are worth around $33 million at the time of writing. Related: dYdX founder blames v3 central components for ‘targeted attack,’ involves FBIMeanwhile, proof-of-stake (PoS) blockchain project Aptos will also be one of the projects releasing a significant number of tokens in December. Token Unlocks data shows that on Dec. 12, Aptos will unlock almost 25 million Aptos (APT) tokens worth almost $180 million. Magazine: $308M crypto laundering scheme busted, Hashkey token, Hong Kong CBDC: Asia Express

$750M in locked crypto tokens to be released by December

The on-chain analysis platform, Lookonchain, shared in an X post today that the 1inch Investment Fund secured a $516,000 profit from trading Uniswap (UNI) over the past few days.  According to an earlier post by the platform, last February, 1inch spent 2 million USDC to purchase 299,848 UNI tokens at a price of $6.67 per […]
The post UNI Price Dips as 1inch Foundation Sells Tokens at $500K+ Profit appeared first on Coin Edition.

UNI Price Dips as 1inch Foundation Sells Tokens at $500K+ Profit


                    
                    The decentralized exchange increased margin requirements on several markets on Nov. 18, after an alleged targeted attack on the YFI token triggered massive liquidations. 
                    Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses.According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several “less liquid markets,” affecting tokens such as Eos (EOS), 0x Protocol (ZRX), Aave (AAVE), Algorand (ALGO), Internet Computer (ICP), Monero (XRM), Tezos (XTZ), Zcash (ZEC), SushiSwap (SUSHI), THORChain (RUNE), Synthetix (SNX), Enjin (ENJ), 1inch Network (1INCH), Celo (CELO), Yearn.finance (YFI), and Uma (UMA).dYdX triggered its insurance fund to cover users’ trading losses on Nov. 17 after a profitable trade targeting long positions on the YFI token caused the liquidation of positions worth nearly $38 million. dYdX founder Antonio Juliano dubbed the move a "targeted attack" on the exchange. According to him, YFI's open interest in dYdX spiked from $0.8 million to $67 million in a matter of days as a result of the actions of one individual. The same individual, according to Juliano, attempted to attack the SUSHI market on dYdX a few weeks earlier. "We did take action to increase initial margin ratios for $YFI prior to the price crash, but this was ultimately not sufficient. The actor was able to withdraw a good amount of $USDC from dYdX right before the price crash," he wrote. On X, the exchange’s team said that "highly profitable trading strategies have now been banned on dYdX,” in a reference to the language used by Mango Markets’ exploiter Avraham Eisenberg in his $116 million attack of 2022. dYdX is now offering a bounty payment in exchange for valuable information:dYdX will pay bounties to those most helpful in aiding the investigationWe will not pay bounties to, or negotiate with the attackerWe and others have made significant progress into identifying the attacker. We are in the process of reporting the information we have to the FBI— Antonio | dYdX (@AntonioMJuliano) November 19, 2023

The YFI token declined by 43% in just a few hours on Nov. 17 after soaring over 170% in November. The sharp decline wiped out over $300 million in market capitalization from the recent gains, according to data from CoinMarketCap. In the past 30 days, however, the token has still gained over 90%, trading at $9,190 at the time of writing.The Yearn.finance team hasn’t disclosed any official details about the incident. A source familiar with the matter told Cointelegraph that developers on the team do not control the majority of the token supply, strongly refuting initial concerns about a potential scam. The claim is supported by Etherscan data showing large centralized exchanges as YFI top holders.Magazine: Blockchain detectives — Mt. Gox collapse saw birth of Chainalysis

dYdX raises margin requirements in some markets, bans “highly profitable trades”

Explore the potential impact of upcoming token unlocks on the market dynamics of prominent altcoins such as 1inch Network (1INCH), Apecoin (APE), dYdX (DYDX), and Avalanche (AVAX). This insightful analysis provides a deep dive into how these events could affect investor sentiment, market volatility, and the overall future trajectory of these digital assets.

Upcoming Unlocks Can Significantly Shake Ground For These Altcoins – 1inch Network (1INCH), Apecoin (APE), dYdX (DYDX), Avalanche (AVAX)

The recent rally in 1INCH’s price has pushed its daily whale activity to the highest in four months.