The Optimism Foundation, the organization behind Ethereum-based Layer-2 network Optimism, has conducted a sale of 116 million OP tokens. Over the past 24 hours, OP Token has experienced an average decrease in value of 6%, dropping to $1.3. The sale of 116 million OP tokens by the Optimism Foundation is currently valued at approximately $150 million.
Optimism Foundation Conducts Sale of 116 Million OP Tokens
According to an update on the Optimism Foundation’s website on September 20th, the foundation conducted a sale of approximately 116 million OP tokens to seven different buyers. The sale conducted by the Optimism Foundation is currently valued at an average of $150 million.
The Optimism Foundation announced on their Twitter account that several transactions totaling approximately 116 million OP tokens would take place throughout the day, stating that these sales were “planned transactions.” With the sale of 116 million OP tokens, the Optimism Foundation currently controls assets worth an average of $1.2 billion according to DeFiLlama data.
OP Token Experiences a Decrease
Following the sale of 116 million OP tokens by the Optimism Foundation, the value of OP tokens has decreased. Over the past 24 hours, OP Token has experienced an average decrease in value of 6%.
With these recent value losses, OP Token is now trading at $1.3. Additionally, the total market value of OP Token has dropped to $1.05 billion. OP Token ranks among the cryptocurrencies with the highest market value losses in percentage terms for the day.
In addition, critical data and metrics on Optimism have shown a downward trend in recent weeks. According to DeFiLlama data, Optimism’s TVL has experienced a decrease of over 10% in the past month.
