• Optimism (OP) distributed 11.7 million tokens to users in its second airdrop, which was significantly smaller than the first one.
• The news of the second airdrop caused OP to sink by almost 9%.
• Despite this, OP remains one of the best performing tokens since the start of 2021 and has an unlock schedule of 4.29 billion tokens in 2023.
Optimism Airdrops Millions Of Tokens To Active Ecosystem Users
Optimism (OP) surprised its users with a second airdrop on Thursday, allocating 11.7 million tokens to those who had delegated their voting power and spent more than $6.10 on layer 2 gas since March 25, 2022. A snapshot for the airdrop was taken on January 20, 2023 and no claims were needed as the tokens were sent straight to eligible user wallets. Optimism also stated that there are more airdrops to come in order to further facilitate positive-sum behavior within the ecosystem.
OP Sinks Significantly Following Second Airdrop Announcement
The news of Optimism’s second airdrop caused its governance token OP to sink by almost 9%, from 24-hour high of $2.54 to $2.32 according to data from CoinGecko. It is currently trading at around $2.37 after having gone down 15% in seven days time-frame despite being one of the best performing tokens since 2021 began with it rising 250% from $0.913 at start of year until February 3 when it hit an all-time high of $3.19 .
Unlock Schedule For Optmism In 2023
Optimisms has one of worst unlock schedules in 2023 according TokenUnlocks, with only 214 million out total 4.29 billion currently in circulation while 5.$1 million worth OP tokens being emitted daily over next two years until completion unlock scheduled mid 2024..
Future Of Optimism And Its Governance Token
It is uncertain how much longer OPT will continue maintain its current position market or how well will perform future due both bearish price action seen following announcement second air drop along with long lock up schedule set for future releases coins into circulation over coming years..
Despite recent price dip resulting from announcement second air drop, overall optimism continues remain strong for project as whole and performance governance token has been impressive far 2021 . With team behind promising more air drops come along unlock scheduled set complete mid 2024 , potential success project looks very promising .