- Optimism is unlocking around 155 million OP tokens on May 31.
- The current circulating supply of OP is around 155 million OP.
- The value of OP is likely to fall as unlocks begin.
Ethereum Layer-2 scaling projects have been in the spotlight for the past year or so. And rightly so – they’re the ones that are working towards bringing Ethereum to the masses.
However, Layer-2 tokens aren’t always the best investment opportunities. For example, Optimism’s OP token is about to unlock an enormous amount of tokens, which will likely suppress the price of OP.
A Massive Increase in Supply
Optimism is one of the leading Ethereum Layer-2 scaling solutions. Optimism’s native governance token OP is also one of the most popular ones among investors.
However, it may soon prove a costly investment. That’s because, on May 31, Optimism is unlocking around 155 million OP tokens, or about 3.6% of the total…
