{"id":140058,"date":"2023-05-30T08:01:58","date_gmt":"2023-05-30T08:01:58","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=140058"},"modified":"2023-05-30T12:45:53","modified_gmt":"2023-05-30T12:45:53","slug":"optimism-gears-up-to-unlock-op-tokens-worth-587m","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/optimism-gears-up-to-unlock-op-tokens-worth-587m\/","title":{"rendered":"Optimism Gears Up to Unlock OP Tokens Worth $587M"},"content":{"rendered":"
As per Optimism, 396 million OP tokens worth $587 million would be unlocked on May 30.<\/span><\/strong>\u00a0 However, the move has set the stage for concerns revolving around downward price pressure. The recently announce given by <\/span>optimism<\/span><\/a>\u00a0about its unlock event is deemed to be the largest planned unlocking event of this year so far.\u00a0<\/span>The current supply of OP tokens is 335 million, and the unlock could increase the supply by more than 100%.<\/span><\/strong><\/p>\n <\/p>\n Optimism will unlock 9% of total $OP<\/a> supply tomorrow<\/p>\n This is the 1st unlock for core contributors & investors<\/p>\n At current token price, potential selling pressure ~$600M pic.twitter.com\/g7sg1vXMkM<\/a><\/p>\n — Token Terminal (@tokenterminal) May 29, 2023<\/a><\/p><\/blockquote>\n\n