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REGULATION
by
2 years ago

386 Million OP Tokens Worth $567 Million Unlock On May 31

2023-05-31

REGULATION
by
2 years ago


On May 31 Optimism unlock 386 million OP tokens worth $567 million because initial vesting period for early investors and contributors end today. 


OP | Token Unlocks -  Unlock Schedule & Tokenomics Data

386 million OP tokens will allocate to early investors and Optimism’s development team in which 204 million OP tokens allocate to core contributors and 182 million OP tokens allocate to early investors.

 

On May 31 , OP token 24-hour price drops 3.79% and 7-days price drops 10.85%.



335,376,391 OP tokens circulate in the market before the unlock. Optimism has fully diluted market cap of $6.33 billion. OP is almost 3 times more expensive than NEAR. Near Protocol has fully diluted market cap of $1.59 billion. OP tokens still having a lot of selling pressure because more than 80% of the tokens are not circulating in the market yet.

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