HomeUncategorizedOptimism OP token slips 10% in week ahead of $30M token unlock By Cointelegraph

Optimism OP token slips 10% in week ahead of $30M token unlock By Cointelegraph

September 26, 2023

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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 data from tokenomics platform Token Unlocks, 24.16 million OP tokens, which account for roughly 3% of the circulating supply — are scheduled to be unlocked on Sept. 30.

The next OP token unlock is scheduled for Sept. 30. Source: Token Unlocks
The price of OP token has rebounded slightly in the past five hours. Source: CoinGecko