- The Optimism Foundation will sell 19.5 millions OP tokens.
- OP is still priced at $4.6
You can also find out more about the following: Optimism [OP] Foundation announced a recent sale of OP worth millions. This announcement was met with opposition by some holders. Has this had an impact on the price of OP?
Optimism discloses private OP sales
As per a recent announcement You can also read about how to get in touch with us. OptimismThe Foundation will sell approximately 89.7 million OP tokens valued at around $89.7 millions at the time this article was written.
The announcement states that the tokens will have a lockup period of two years. The holders can delegate tokens, however, to independent third parties to vote on governance.
The project stated that these tokens are derived from unallocated tokens in the OP token treasury, and constitute 30% of initial OP supply.
The Foundation has now disclosed a second private token sale within the last few months. The Foundation had previously sold 116,000,000 OP tokens, valued at over $160 million in September 2023.
Holders of optimism express their displeasure at the sale
Then, you can follow the instructions. Optimism The announcement by the Foundation of a private sale drew negative reactions from many, including The Daily Gwei’s founder. Anthony Sassano.
Sassano voiced dissatisfaction citing perceived lack of transparence from the Foundation. The Foundation was unable to provide the purchaser’s details and terms, which led to this sentiment.
Then, you can also look at another user The Foundation also shared a similar view, sarcastically stating, “It can’t really be called a dump if the sale is private.” This implied a sly disposing of OP’s by the Foundation.
How did OP respond?
Analysis of Optimism A daily timeframe showed no adverse reaction to the Foundation announcement. By the end of the trading day on 7 March, OP was up by around $4.6, or 2.57%.
Trading View
Here’s a list of realistic and not-so-realistic images. OP market cap in BTC’s Terms
As of the date this article was published, it was trading at a slight 1% loss, hovering just around $4.60. Note that the decline in price is not connected to the recent announcement about a new foundation.
The RSI line, which was just above 70 at the time of press, placed OP in an overbought area.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: ambcrypto.com
