optimism OP
+2.45%
Terms of the private sale and the identity of the buyer were not disclosed.
According to the official announcement, the tokens will be subject to a two-year lock-up period, but buyers will be able to delegate their tokens to unaffiliated third parties for governance voting. “Optimism has launched a private token sale of approximately 19.5 million OP tokens,” said an announcement posted on Optimism’s governance forum.
The project claims that “the tokens come from the unallocated portion of the OP token treasury and are part of the foundation’s original working budget equal to 30% of the initial OP token supply.”
Optimism also announced that several transactions related to private sales will occur in the future.
This is not the first time the foundation has announced a private token sale. In September 2023, 116 million OP tokens were sold, valued at over $160 million at the time.
‘It tastes awful’
News of the latest OP private sale was not universally well-received by the wider Ethereum community.
Anthony Sassano, founder of Daily Gwei shared His opinion on
Another sarcastic X user assert: “If it’s a private sale, it’s not dumping, right?”
Despite some unfavorable comments, the price of Optimism’s OP token is up nearly 3% in the past 24 hours, according to price data from The Block.
OP token price chart | the block
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