FxWirePro- Topken Unlock Today (OP)

Unlock Date:  Apr 30th

Number of Tokens to be Unlocked: 31.34 million OP tokens (0.75% of total  Supply)

Current Circulating Supply: 1.7 billion OP

Total supply: 4.29 Billion  OP

Optimism (OP) will unlock 31.34 million tokens on April 30, 2025, which is roughly 1.89% of its circulating supply and valued at around $25–26 million. It forms part of an investor and core contributors' vesting schedule and is similar to the unlock that occurred in March 2025. The rise in circulating supply may increase selling pressure in the event the recipients sell their tokens.

From a price action perspective, OP recently formed an ascending wedge pattern, suggesting a correction back towards the $0.72–$0.65 zone. As much as the initial unlock in March was muted on short-term price action, commentators caution that combined unlocks would be compressing price stability unless demand could soak up additional supply. Investors would like to observe exchange inflows following the unlock for evidence of liquidation, since OP's technical alignment implies that decreasing tail risk might be able to offset increasing headroom opportunity in the short term.