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Unlocking $650M Crypto Token Weighs Down DYDX, Optimism (OP), SUI, and Axelar Prices

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Token unlockings translate to an increase in the asset’s supply, releasing coins from a vesting period including to early investors. Large unlocking events usually lead to price declines due to the supply increase outpacing investor demand for the asset, a study by crypto analytics firm The Tie found earlier this year.

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