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 - EconoTimes)
- Unlock date: January 9
- Number of tokens unlocked: 4.47 million OP
- Current circulating supply: 1.35 billion OP
Optimism has set 4.47 million OP tokens unlocked for January 9, 2025; which amounts to 0.33% of the circulating supply it currently holds. In a recent market trend where an estimated amount of around $7 billion will be unlocked on tokens for some projects in January, unlocking new tokens can give room for some increased volatility when priced. The unlocks might also change investor sentiment as the rebalancing by the traders of their respective positions occurs. Prior unlocks in January included tokens by Kaspa and Ethena, which contributed to discussions on token supply within the market. Investors should expect price volatility in OP as a result of these developments and monitor the situation closely as new supply enters the market.
Optimism is a Layer-2 solution that helps make transactions on Ethereum faster and cheaper. Its OP token plays an important role in governance, allowing holders to vote on proposals and help shape the future of the network.
OPUSD major resistance and support
Major resistance- $2.20
Major support - $1.50
