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

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.
Last week, on Sept. 21, Optimism revealed that it would sell $160 million worth of the OP token to private sellers as part of a planned sale.
Starting today, there will be several transactions totaling approximately 116M OP tokens. We’re sharing as a heads up to our community that these are planned transactions.
— Optimism (✨_✨) (@optimismFND) September 20, 2023
On Sept. 19, Optimism announced its third airdrop, with 19.4 million OP tokens allocated to more than 31,000 addresses participating in delegation activities relating to the network’s decentralized autonomous organization, Optimism Collective.
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