Optimism prepares its biggest token release: a risky bet?

A few days ago, pseudonymous trader Smart Contracter indicated a positive outlook for Optimism. According to him, this Ethereum layer 2 scaling solution should enjoy significant growth.

An unlocking of the Optimism tokens that concern investors

Nearly a year after the big disappointment they experienced, Optimism (OP) investors could be rubbing their hands. According to recent reports, crypto stakeholders are planning to release a large volume of OP tokens.

The expected operation for several weeks should take place this Wednesday, May 31, according to forecasts. But as of the time these lines go to press, no official news has been released regarding the project.

It is expected that some 386 million Optimism tokens will be released in this way. This is one of the most significant asset releases of the year. Especially since the total of these cryptos is valued at $587 million.

The purpose of this token release is to reward the first investors of the platform to a certain extent. They could then choose to materialize the considerable profits they have made so far.

In fact, if the tokens are unlocked, good because at some point they were frozen. An operational choice that aims to limit the large-scale sale of assets when liquidity is not solid. This could ultimately affect the price of the asset.

But basically, this possibility is not even really excluded. Since with this unlock, the volume of OP tokens in circulation will increase drastically. It is thus estimated that the release of the 335 million OP tokens would constitute a doubling of the supply.

This is enough to worry a large majority of Optimism users. They fear that the value of the asset will plummet due to the profusion of OP tokens in the crypto market. Concerns all the more legitimate as the asset has been on a downtrend for several months. Still, some believe the crypto is on its way to new highs.

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