Crypto tokens DYDX, OP, SUI fell sharply due to large-scale token unlocking

Due to the arrival of a large number of token unlocks, the price of digital tokens DYDX, OP, and SUI has fallen sharply and has not performed as well as the broader Coindesk market index. Unlocking increases the supply of digital assets and allows early investors to sell tokens. Several major alternative cryptocurrencies, including dYdX (DYDX), Optimism (OP), and Sui (SUI), fell on Monday, according to Token.Unlocks and CryptoRank, as large-scale token unlocks drove down prices amid widespread weakness across the crypto market. Altcoins is facing a supply increase of nearly $650 million, and DYDX will see around $480 million in tokens added to its circulating supply, nearly doubling.