Optimism sheds 10% following 11M token airdrop

Layer-2 community Optimism airdropped 11.7 million tokens to over 300,000 wallets on Feb. 9, rising its OP token circulating provide to 234.74 million.

Following the information, the OP token fell by 13% within the final 24 hours to $2.33 as of press time, in line with CryptoSlate information.

OP is likely one of the best-performing digital property year-to-date, rising by over 200% since Jan. 1. Its constructive worth efficiency noticed it attain a brand new all-time excessive (ATH) of $3.20 on Feb. 3.

Optimism’s airdrop

In line with a Feb. 9 assertion, the airdrop’s intent is to reward “positive-sum governance participation and energy customers of Optimism Mainnet.”

The scaling resolution stated the airdrop was a part of a broader plan to distribute 19% of its preliminary governance token provide. Its first airdrop in Might 2022 distributed over 200 million tokens — roughly 5% of its preliminary governance token provide.

Eligible customers for the current airdrop included those that have spent greater than $6.10 on fuel since Mar. 25, 2022 and people who delegated the voting energy of their OP tokens.

In line with Dune analytics data, the common quantity airdropped to its customers was $38.13, whereas the utmost quantity was $10,462.

In the meantime, the transaction volume on the L2 community has ranged between 160,000 – 200,000 since falling from ATH of 800,000.

On the time of press, Optimism is ranked #76 by market cap and the OP worth is down 10.97% over the previous 24 hours. OP has a market capitalization of $559.82 million with a 24-hour buying and selling quantity of $493.87 million. Learn more ›

OPUSD Chart by TradingView

Optimism On-Chain Evaluation
Market abstract

On the time of press, the worldwide cryptocurrency market is valued at at $1.02 trillion with a 24-hour quantity of $69.4 billion. Bitcoin dominance is at the moment at 41.42%. Learn more ›

Source link

Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here