According to an announcement on the Optimism (OP) website, the foundation behind the layer2 blockchain Optimism sold 116 million OP tokens ($157 million) to seven separate buyers. The token sale was described as a planned event.
Optimism (OP) Foundation Sold 157 Million Dollars of OP Tokens, Citing Treasury Management
The token sale was defined as a private and planned event with tokens originating from an unallocated portion of the OP Token treasury.
According to DefiLlama data, Optimism's treasury is around 1.25 billion dollars and all of it consists of its own tokens.
Seven buyers will be allowed to transfer tokens to third parties to participate in blockchain management.
The foundation also released its third community Airdrop earlier this week, with more than 31,000 users receiving a share of 19.4 million tokens.
However, the circulating supply remained relatively low compared to the total supply, with 570 million tokens allocated to future Airdrops.
According to CoinMarketCap, OP's circulating supply accounts for 18.59% of its total supply.
On the other hand, the OP price is trading at $1.34, down 3 percent on a weekly basis.
*This is not investment advice.
