Selling pressure on price continues as Ethereum’s layer-2 protocol (L2) Optimism (OP) approaches a massive token unlock that will double the circulating supply.
Optimism 31 May 03:00 CET huge token to unlocking will host. According to Token Unlocks data 580 million dollars worth more than 386 million The asset will be unlocked. With this unlocking, the total supply 9%′So many more tokens will be included in the market.
currently 335 million OPs is circulating in the market. Circulating supply with unlocking to 721 million so the current number more than double will come out.
The assets to be unlocked represent the assets of early investors. According to market analysts, early investors OP price of $1.53 Considering that, they are in a seriously profitable position. Large amount of tokens to be unlocked after OP’s unlock sales pressure Although it is thought that this will continue may have priced in the decline is also estimated.
According to CoinGecko data, in the last 7-day period 10% depreciation OP, at the time of writing from $1.53 is being traded.