Optimism Drops $30 Million OP Tokens, Price Drops 13% Daily

The long-awaited second airdrop of Ethereum’s Layer 2 scaling solution — optimism — is here. The protocol has distributed a total of 11.7 million OP tokens to more than 300,000 addresses.

OP’s price fell after the announcement.

  • Many were anticipating the second airdrop from Ethereum’s Layer 2 scaling solution, optimism. The first saw around 200 million OP tokens dropped to 250,000 early adopters, some of whom received up to $20,000 in tokens on the day of the event.
  • However, this pales in comparison. The airdrop saw 11.7 million tokens distributed to 300,000 addresses based on various criteria.
  • This means that the average user who qualified received about 39 tokens worth less than $100 at current prices.
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Airdrop #2 was distributed to:

-> Addresses that have delegated voting rights to their OP tokens.

-> Addresses that have spent more than $6.10 on L2 Gas since March 25, 2022 – Average transaction cost on Ethereum L1.

  • Image taken on January 20, 2023 at 00:00 UTC.
  • OP price reacted poorly to the news and is currently down 13% and trading at roughly $2.35 as of this writing.

After optimistic Airdrops of $30M worth of OP tokens were released, prices increased by 13% per day for the first time on CryptoPotato.

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