DYDX Faces Market Headwinds Amidst Token Unlock Event and Whale Movements

The past week has witnessed a downward trend for DYDX, with a decline exceeding 10%, and recent whale activity has contributed to this negative sentiment, especially following the token unlock event today. A substantial amount of 150 million $DYDX ($505.5 million), constituting 81.63% of the circulating supply, was unlocked just