Optimism spikes 5% ahead of upcoming token unlock

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Optimism spikes 5% ahead of upcoming token unlock
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Optimism (OP) is gearing up for its October 30 token unlock, which will release an amount of tokens worth $32 million, matching the value of the previ

Optimism, a Layer 2 scaling solution for Ethereum, will enable the next token unlock for OP on October 30. Around 18% of the total tokens have been unlocked, with 1 billion OP still locked. OP price has spiked by at least 5% ahead of the event. ous release. OP price has seen a 5% increase ahead of the event, which will impact 2.74% of the circulating supply of the token. OP token unlock by month-end Optimism , a Layer 2 rollup network on Ethereum, is set for another token unlock on October 30.

6% for core contributors, 23.6% for airdrop recipients, and 21.1% for investors. Optimism price remains positive On Tuesday, the price of Optimism was trading in the 24-hour range of $1.28 and $1.43, with a trading volume of 12.97 million OP. CoinGecko analysis finds 5% price improvement on the daily time frame and an 11% rise in the past seven days.

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