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In line with Token Unlocks knowledge, a big quantity of Optimism’s OP tokens is scheduled for launch on Could thirty first. A complete of 386,547,056.64 OP tokens, equal to roughly $587 million and accounting for 9% of the entire provide, are set to be unlocked. This contains 204,010,947 OP tokens for core contributors and 182,536,110 OP tokens for traders.
Moreover, as monitored by Spot On Chain, Wintermute, one of many B-round traders of Optimism, has transferred 2.651 million OP tokens to Binance over the previous 42 hours. The tokens, which had been transferred at a median worth of $1.63, quantity to a complete of $4.31 million.
Wintermute’s transfer comes forward of the numerous token unlock occasion, whereby OP tokens value $587 million will likely be launched on Could thirty first, representing 9% of the entire provide.
It is value noting that the impression of such a considerable token launch available on the market may very well be vital, given the massive worth and quantity of tokens concerned. The market and the Optimism group will likely be carefully observing the aftermath of this unlocking occasion.
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