The Optimism Foundation recently sold approximately 19.5 million OP tokens, valued at nearly $90 million, to an unnamed buyer, with these tokens being sourced from the unallocated segment of their OP Token treasury initially set aside as working capital. This sale is part of the foundation’s management of the Optimism network, a blockchain designed to operate and settle transactions on Ethereum, with the buyer agreeing to a two-year lockup period for the tokens but retaining the right to delegate them for governance purposes. Originating from the foundation’s 30% budget of the initial OP token supply, this sale occurs within a context where OP’s circulating supply is at 1 billion, out of a total of 4.29 billion, with recent OP prices seeing a minor decline of 0.4%.
Optimism Foundation Executes $89 Million OP Private Token Transaction
This article was published more than a year ago. Some information may no longer be current.
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