dYdX Token Plunges 18% on Arcus Separation News
The dYdX token (DYDX) dropped over 18% on Bybit and Coinbase after the announcement of the Arcus separation, a joint infrastructure project between dYdX Labs and Robinhood. dYdX Chain clarified the separation only affects the Arcus product; the core dYdX Chain, staking, governance, and DYDX token remain unaffected and continue as usual.
Detected & updated continuously · Source: Ruma
Mentioned
dYdX (dydx)
@arcus_xyzSources
@cexscan
Last 60m - #Bybit Spot (USDT Trades) 📈 Top 3 Gainers: $NOM (Nomina) : ↑9.08% $H (Humanity) : ↑5.24% $ES (Eclipse) : ↑5.17% 📉 Top 3 Losers: $DYDX (dYdX) : ↓-18.81% $TAIKO (Taiko) : ↓-8.51% $ARX (Arcium) : ↓-8.02% 📶 Top 3 by Volume: $BTC (Tether USDt) : 37.25M $USDC
@charlesdhaussy
dYdX Chain: unaffected, unchanged, community-run Arcus (dYdX Labs x Robinhood) is separate infra, separate product. - Staking, governance, validators, DYDX token: all business as usual - The Foundation's mandate stands: support the protocol, serve the token holders - via
@cexscan
Last 60m - #Coinbase Spot (USD Trades) 📈 Top 3 Gainers: $LIGHTER (Lighter) : ↑ 8.69% $POND (Marlin) : ↑ 5.43% $AI (Gensyn) : ↑ 3.44% 📉 Top 3 Losers: $COSMOSDYDX (dYdX) : ↓-18.2% $NOM (Nomina) : ↓-10.67% $ARX (Arcium) : ↓-9.13% 📶 Top 3 by Volume: $BTC (Bitcoin) :