Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock

“While the upcoming token unlocks will give venture capitalists who invested in the project access to part of their token allocation, the market feels they will more likely hold instead of sell, continuing to show support for DYDX and signaling their commitment to the community that they are here for the long term,” said Charles Storry, head of growth at Phuture, a crypto index platform.