Optimism to sell $160M in OP tokens to 7 purchasers via private sale

Optimism, Polygon and Arbitrum stand as the most heavily used layer-2 scaling options in the industry.Despite routing behind Arbitrum in terms of TVL, Optimism saw its overall transactions eclipse that of Arbitrum in August, being driven largely by a surge in activity from Coinbases sandbox and the identity verification project Worldcoin. Magazine: Are DAOs unworkable and overhyped? Lessons from the cutting edge

Ethereum layer-2 scaling option Optimism (OP) has actually divulged strategies to sell 116 million OP tokens to seven private buyers for treasury management purposesAt present prices, the sale will see $159 million worth of OP tokens change hands. Beginning today, there will be numerous transactions amounting to around 116M OP tokens.

While some observers feared the sale would bring about depressed costs from Optimism “disposing” its tokens on the market, it seems unlikely that the sale of the tokens will have any material impact on the price of OP, due to the sale being private. Additionally, the tokens are being sourced from the unallocated portion of the OP token treasury– suggesting that they are not part of the distributing supply.Optimism (OP) token cost over the past 30 days. Today Optimism is announcing OP Airdrop # 3.19 M OP allocated to over 31k distinct addresses to reward positive-sum governance involvement in the Collective.Read on for details on eligibility criteria and allocations.