Optimism to sell $156m in OP tokens via private sale
Level-2 blockchain Optimism is set to sell 116 million of its OP tokens to seven private buyers. According to a recent post, the project team will sell tokens to unknown buyers to manage the treasury. Starting Sept. 21, the Optimism team will conduct several transactions with 116 million tokens . 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 At the time of writing, the OP token is trading at $1.35. Thus, the token sale amount will be $156.6 million. “The tokens come from the Unallocated portion of the OP Token treasury, and are part of the Foundation’s original working budget of 30% of the initial OP token supply.” Optimism team The token sale is not expected to impact the price of OP significantly. It has a two-year lock-in period, which means buyers will not be able to sell during ...