Ethereum-Based Altcoin Price Drops After Surprise Airdrop

The price of OP, the native token of Optimism from Ethereum (ETH) layer-2 (L2) solutions, fell after a surprise airdrop of millions of dollars.

Optimism executive team Optimism Collective In the announcement published on the official website on February 9, the % of the supply was increased in order to increase the adoption.19 of them announced that they have realized a surprise Airdrop as part of their distribution plan. According to the information given, approx. 29 million worth a dollar 11.7 million OPs from distributed Airdrop 307 thousand wallets used address. Right after the airdrop, the OP price accelerated. way it went into decline.

All wallets that could meet the qualifications benefited from the event, which did not have any application requirements. At Optimisim at the event 6.10 dollar gas expenditure to make or to issue governance tokens hand over In addition to the starting criteria, there are also some specific requirements that allow the Airdrop to be benefited with higher multipliers. Benefiting from Airdrop 307 thousand your address 2,552 of them By incorporating all the essentials, the base Airdrop double entitled to receive.

With the distribution of the airdrop to the accounts, the price of the token a sudden drop happened. Experts, additional tokens received from the drop to fiat currencies or else to cryptocurrencies He stated that it may have been caused by the sales of investors who wanted to rebalance their balance sheets.

According to Coinecko data, the latest in 30 days whereas 92.7% with value gain and Airdrop 15% depreciated OP, as of writing 2.44 traded in dollars.

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