FxWirePro- Token unlock tomorrow (OP)

Approximately 31.34 million OP tokens will be released, valued at around $45 million, which represents about 2.5% of the current circulating supply. Optimism, a Layer 2 solution for Ethereum, seeks to improve transaction speed and lower costs. This upcoming unlock has the potential to impact market dynamics, particularly if demand fails to match the increased supply.

Distribution Breakdown:

The unlocked tokens will primarily be distributed to:

1. Core Contributors: Approximately $30 million worth of tokens.
2. Investors: About $26 million worth of tokens.

OPUSD support and resistance-

Resistance - $2

Support- $1.49