Optimism set to unlock $587M price of OP tokens, will traders unload?

Greater than 386 million Optimism (OP) tokens — price $587 million at present costs — are scheduled to be unlocked on Might 31 because the preliminary vesting interval for early contributors and traders involves an finish, prompting considerations about downward value stress.

The Might 31 OP unlock is likely one of the largest scheduled unlocking occasions of this yr. With a present complete circulating provide of simply 335 million OP tokens, the unlock may doubtlessly see the circulating provide improve by greater than 100%.

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