Browsing:Optimism

Optimism's Unlocking Event: $81 Billion Worth of OP Tokens Set for Release
4 weeks ago 1 min read

Over 24 million Optimism (OP) tokens worth over $81 million to be unlocked next week

Optimism, the Ethereum layer 2 scaling solution, is about to unlock around $81 million in OP tokens on January 29, 2024, according to Token Unlocks data. Token lock-ups are common in the crypto space, where a portion of the token supply is held back and gradually released over time. This strategy aims to keep early investors and insiders from flooding the market with a large number of tokens right after distribution, which could disrupt the market’s stability. However, such unlocking events are frequently viewed with caution, as they can result in price drops due to the sudden influx of available