Optimism, dYdX Lead Major Crypto Token Unlocks, Markets on Watch

• Over $376M crypto from projects like Optimism and dYdX will unlock next week.
• The dYdX exchange team will offload 11.9% of the DYDX token’s floating supply.
• YGG, NYM, and AGIX have the earliest unlocks with over $20M to be unloaded.

The cryptocurrency market is bracing for a potential influx of tokens worth over $376 million from at least five prominent projects, including Optimism and dYdX exchange, in the coming weeks. Tracking platform Token Unlocks highlighted this impending market event in a recent post on X.

Planned unlocks for next | Token Unlock

Optimism is set to release the largest quantity of tokens next week, with plans to unlock an additional 2.88% of the OP token supply. On May 31, the Optimism team will distribute 31.34 million OP tokens, valued at $82.12 million, to founders, the project team, and select private investors.

SUI follows suit, with a scheduled release of 65.08 million SUI tokens worth $70.35 million. This release represents 2.78% of SUI’s circulating supply and will be allocated to private investors, teams, founders, and community members.

While OP and SUI are releasing less than 3% of their circulating supply, the…

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