Two VCs may begin to reduce their holdings of DYDX. CMS Holdings transferred a total of US$5.41 million DYDX to the exchange within 7 days.

According to Spot On Chain monitoring, two VCs may be taking advantage of the recent market rebound to reduce their DYDX positions, including: - CMS Holdings deposited 500,000 DYDX ($1.27 million) into Binance 10 hours ago at an average price of $2.55; a total of 2.29 million DYDX ($5.41 million, average price of $2.37) was transferred to the exchange within 7 days; Currently holding 2.27 million DYDX (US$5.71 million); a total profit of US$2.99 ​​million (+31%) is expected. - Zee Prime Capital deposited 98,680 DYDX ($250,000) into Kraken 8 hours ago at an average price of $2.53; it no longer holds DYDX; it is expected to lose a total of $46,400 (-16%). It is worth noting that 102.5 million DYDX ($258 million), or 10.25% of the total supply, will be unlocked on December 1, 2023.