🟡 Optimism Set to Unlock $81 Million in Tokens Next Week!

🔐 Hold your crypto hats! Optimism, the Ethereum layer 2 scaling solution, is gearing up to unleash approximately $81 billion worth of OP tokens on January 29, 2024, as per insights from Token Unlocks.

🚀 Crypto enthusiasts, brace yourselves for the unlock! Traditionally, crypto projects employ token lock-ups to ensure a gradual release, preventing market turbulence caused by sudden massive token dumps from early investors. Yet, such events can stir both excitement and caution among the crypto community.

🔓 The upcoming Optimism unlock will see over 24 million OP tokens, roughly 2.5% of the circulating supply, distributed to project investors and core contributors. With a total supply of 4.3 billion tokens, Optimism has already unlocked 885 million tokens, constituting 20.6% of its supply.

🚀 In a recent stride, Optimism introduced the Canyon upgrade, the successor to the Bedrock upgrade. This development aligns with the Shanghai and Capella hardforks, accompanied by minor bug fixes. Additionally, the project unveiled a $30 million token distribution to reward contributors championing the Optimism Collective.

💰 Currently, OP is trading at approximately $3, exhibiting a marginal 2% dip over the past week, according to CoinGecko's data. The token's market cap hovers around $2.9 billion.

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