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OP Token Falls After Surprise Optimism Airdrop

The token’s value has fallen as more supply hit the market.

According to an online article by the optimism group, the second-tier blockchain watchdog, the optimist Internet conducted a surprising and shocking token airdrop on Thursday, sending 11.7 million governance tokens to more than 300,000 wallets

Optimistic airdrops are part of the blockchain program's effort to distribute 19% of the original governance tokens, as blockchain has created a more widely adopted path. Optimism distributed 5% of the original governance token supply in the first airdrop last May, or more than 200 million tokens.

At the time of the airdrop, optimism is looking for advantages relative to its larger competitor, the second floor of another etheric place, although it does not have a token. Abritrum currently trades more than twice as many wallets as cheerful wallets, magnifying the difference between the two exchange-traded wallets in the past month.

Consumers who consume natural gas on the blockchain to buy and sell have the right to airdrop materials. The same is true of people who delegate the voting rights granted by governance tokens to other users. The optimist Internet feels that sharing the right to vote is an applicable blockchain governance system that is "positive and thematic".

Tokens fell 13% on the news of an increase in the supply of goods in the optimistic circulation. Even so, OP has risen by nearly 200% in the past few weeks. However, after the announcement of today's airdrop, the price of tokens has fallen by 13%. At the time of issue, the transaction price of tokens is about $2.35.

Thursday's airdrop was a success, unlike the first attempt by optimism in July 2022, when customers had to manually apply for his quota system. In this case, the distribution is automatic.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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