Optimism's OP Airdrop 3 distributes 19 million tokens to over 31,000 addresses, fostering community engagement and positive governance participation
24.50% price drop, declining social activity, but high user retention offers hope for the future.protocol has been on the rise, and it’s seized the moment to make a significant announcement for an airdrop.This airdrop, which was the third OP airdrop, allocated a whopping 19 million OP tokens to over 31,000 unique addresses. These tokens were intended to reward those who have actively participated in the protocol’s governance, embracing a positive-sum approach within the Collective.
This third airdrop specifically targeted addresses that have delegated the voting power of their OP tokens during the period from 20 January to 20 July 2023. This move aims to strengthen the community’s involvement and incentivize governance participation. The impact of this airdrop on OP is a double-edged sword. On the one hand, it can be viewed as a positive step, as it rewards and encourages governance participation, fostering a sense of community ownership. Such initiatives often promote a healthier and more engaged ecosystem.
However, there’s also a potential downside. The influx of supply could impact the sentiment around the token.The price of OP tokens saw a significant drop and plummeted over the last few days. While this correction was substantial, it failed to firmly establish a clear price trend. The Relative Strength Index suggested that some buying momentum exists, but the Chaikin Money Flow indicated a substantial decrease in money flow. This signified a dwindling interest.
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