In recent years, dYdX has emerged as a prominent player garnering positive attention from investors and the wider community. However, a recent downturn in the token’s value has raised questions. According to Lookonchain, “Whale”0x2A25” deposited the entire 1.5M $DYDX ($5.08M) received from dYdX Distributor to Binance 6 days ago, potentially instigating the sell-off. Compounding the situation, dYdX is poised to unlock 150M $DYDX ($505.5M, 81.63% of Circulating Supply) on Dec 1, with 83.19M $DYDX ($280.35M, 46.15% of Circulating Supply) slated for investors. The token allocation structure reveals that 50% (500M $DYDX) is earmarked for various entities, and 30% (150M $DYDX)
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