Crypto
DYDX, Optimism (OP), SUI, Axelar Prices Drop as $650M Crypto Token Unlocks Weigh
![](https://blacknewsdaily.com/wp-content/uploads/2023/11/QE3OLGZ6ZBAPXKGS5MQM3J4YNY-780x470.png)
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.