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Whales are making moves in the world of decentralized exchanges as a significant token unlock looms. dYdX, a decentralized exchange, recently migrated from Ethereum to Cosmos and launched its own dYdX Chain. This new chain operates as a standalone blockchain based on the Cosmos SDK and Tendermint consensus protocol. On December 1st, the project is set to unlock 150 million DYDX tokens. Data from Lookonchain reveals that the dYdX Foundation has sent tokens to various investor addresses, including a16z crypto, Defiance Capital, and Polychain Capital. Many of these investor addresses have bridged their DYDX tokens, with a total of 437.4 million DYDX, worth $1.47 billion, being bridged so far. This represents 43.74% of the total supply and these tokens will be permanently locked in the wethDYDX smart contract. FalconX, an institutional trading platform, has withdrawn 1.14 million DYDX tokens worth $3.84 million from Binance over a five-day period. Additionally, a whale recently deposited 1.5 million DYDX tokens, valued at over $5 million, to Binance. At the time of writing, DYDX is trading at $3.17.