Optimism (OP) draws attention with its 250 million dollar token unlock on May 31.
Launched as an Ethereum scaling project, Optimism soon attracted the attention of thousands of crypto investors. In the project, which has succeeded in creating a strong ecosystem, the issues of circulation supply and total supply are not on the agenda. According to CoinGecko data, about 7.81 percent of the total OP supply is traded. Also, according to TokenUnlocks data, 32.68 percent of the total supply is unlocked.
Another data from TokenUnlocks states that on May 31, a token unlock will take place for the $250 million OP.
Hard Day for Optimism: Massive Token Unlock
Optimism (OP) keeps the agenda busy with a new news feed. According to TokenUnlocks data, 154,618,822.65 OPs will be unlocked on May 31.
A strong token unlock is expected in the project, which has been on the market with great interest and has been trying to establish a trend for months. TokenUnlocks stated that the $250 million OP will be released in the event that will take place two days later.
According to the data provided, 81,604,379 OPs will be sent to contributors during the core phase. According to CoinGecko data, the price equivalent of this amount is around $132 million. The remaining tokens, ie 73,014.444 OPs, will be transferred to investors. This transfer corresponds to 118 million dollars.
For the OP, which is currently trading at $ 1.6 level, it is a matter of curiosity how the token unlock will have an effect. It is among the possibilities on the table that not every unlocking goes into circulation directly, and that it may create sales pressure due to the wallets to which it is transferred.
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