Optimism is preparing for the activation of OP tokens worth $ 587 million at falling prices

Optimism is preparing for the activation of OP tokens worth $ 587 million at falling prices

The Ethereum scaling protocol Optimism is preparing for a planned token activation that is planned for May 31st.

Thus over 386 million surgical tokens worth more than $ 587 million are released at the current price, which corresponds to 9 % of the total offer.

• The upcoming event also marks the first activation for the main mit and investors, which is planned exactly one year after the introduction of native tokens.

optimism will release 9%of the total volume $ op Delivery tomorrow

This is the first activation for main contribution payers and investors

In the case of the current token price, the potential sales pressure is about pic.twitter.com/g7sg1vxmkm

-token-terminal (@tocentanMinal) 29. May 2023

• The second large Airdrop from Optimism went online on February 9 of this year and distributed more than 11 million surgical tokens to 307,000 unique addresses. The price of the operation fell shortly afterwards.
• The influx of tokens into the free market could lead to increased sales pressure this time and also trigger a possible downward movement of the prices.
• It is also important to note that early surgical investors are currently in considerable profits. So if this cohort of owners begins to kill their tokens for quick profits, such a step could further increase sales pressure.
• OP is already under enormous pressure and fell over 30 % last month. In the run-up to the event, the operation fell to $ 1.52 after it had fallen by more than 6 % in the last 24 hours and pressed the asset to a four-month low.
• The TVL of the scaling protocol has also recorded a decline of 21 %since it reached an all-time high of $ 2.18 billion in mid-April to currently $ 1.72 billion.
• Despite these setbacks, Optimism exceeded his competitor Arbitrum in the generation of sales this month.
• In the meantime, Optimism will receive its highly expected threat upgrade on June 6th, at a time when the competition in the Layer-2 area is tightened. It is expected that this step leads to lower transaction fees and greater network security and improved compatibility with Ethereum.

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