Optimism OP Token Declines 10% in Week Leading Up to $30M Token Unlock

The price of Optimism’s native OP token is experiencing significant losses, leading among the top 50 cryptocurrencies with a drop of as much as 10% over the past week in anticipation of a $30 million token unlock.

Data from a tokenomics platform reveals that 24.16 million OP tokens, representing approximately 3% of the circulating supply, are set to be unlocked on September 30.

Recent trends indicate that the price of the OP token has shown a slight rebound in the last five hours.