dYdX Foundation: There will be large-scale internal token transfers related to the launch of dYdX Chain in the coming days

ChainCatcher news, the dYdX Foundation announced that it expects a large-scale internal movement of locked ethDYDX tokens held by investors and team members in the coming days. Locked tokens can be bridged from Ethereum to dYdX Chain. The dYdX Foundation will continue to monitor the wallet addresses of locked token holders to determine if there are any transfers that violate legal agreements, and will take legal action against locked token holders who do not comply.

In addition, the ethDYDX tokens exchanged for wethDYDX or dYdX-Chain DYDX tokens will also continue to be subject to the same transfer restrictions and release schedule. Like the currently locked ethDYDX tokens, the locked wethDYDX tokens and dYdX-Chain DYDX tokens can also be bridged to another blockchain for voting or delegation purposes and/or staked to validators where applicable.