Optimism OP token slips 10% in week ahead of $30M token unlock
1 min read
The price of Optimism’s native OP token is leading losses among the top 50 cryptocurrencies, falling as far as 10% on the week ahead of a $30 million token unlock.
According to
Last week on Sept. 21, Optimism revealed that it would be selling $160 million worth of the OP token to private sellers as part of a planned sale.
Starting today, there will be several transactions totaling approximately 116M OP tokens. We’re sharing as a heads up to our community that these are planned transactions.
— Optimism (✨_✨) (@optimismFND) September 20, 2023
On Sept. 19, Optimism announced its third airdrop, where 19.4 million OP tokens were allocated to more than 31,000 addresses that took part in delegation activities relating to the network’s decentralized autonomous organization (DAO), Optimism Collective.
Asia Express: JPEX staff flee event as scandal hits, Mt. Gox woes, Diners Club crypto
