During this time, many coins have doubled or tripled, but #PEPEโ is still sitting here. How will it behave in the future? $PEPE Please give me advice on whether to hold or wait.
#Write2Earn #Optimism $OP Optimism, an Ethereum layer 2 scaling solution, will unlock approximately $72.96 million in OP tokens on February 29, 2024, according to data from Token Unlocks.
Cryptocurrency projects often lock a portion of their token supply and issuance over time to prevent early investors and insiders from selling off large amounts of tokens immediately after they are distributed, This has the potential to destabilize the market. However, such events are often considered worrying, as they can lead to prices falling due to a sudden increase in supply.
Optimism's upcoming unlock will distribute over 24.16 million OP tokens, or approximately 2.5% of the circulating supply, to the project's core investors and contributors. The project has unlocked approximately 912.12 million tokens to date, or 21.21% of the total supply. OP is trading at around $3, down more than 2% over the past week, according to data by CoinGecko. The market capitalization of this token is approximately $2.9 billion.