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Optimism’s 24-Hour Loss Exceeded Its Drop From the Oct. 22 Open

A snapshot at 3:12 p.m. ET (19:12 UTC) on Oct. 22 put OP 8.1% below that day’s opening price.

Updated 1 min read
A two-bar market graphic compares Optimism’s rolling loss with its Oct. 22 opening decline. / EconoTimes.ai
A two-bar market graphic compares Optimism’s rolling loss with its Oct. 22 opening decline. / EconoTimes.ai

Optimism’s OP token was down 9.8% over the 24 hours to a 3:12 p.m. ET (19:12 UTC) snapshot on Oct. 22, a larger move than its 8.1% decline from that day’s open.

The rolling figure compares OP’s level at snapshot time with its level a day earlier. The open-to-snapshot calculation instead starts with the token’s price at the beginning of Oct. 22.

OP serves as Optimism’s governance token. Optimism is a layer 2 network built on Ethereum.

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