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Wallet Acquires 3 Million Optimism (OP) Tokens Over Two Weeks

The reported $1.285 average price puts estimated spending at about $3.855 million. That is not a current valuation of the tokens.

Updated 1 min read
A pedestrian checks a phone on a Lower Manhattan sidewalk in New York. / EconoTimes.ai
A pedestrian checks a phone on a Lower Manhattan sidewalk in New York. / EconoTimes.ai

The reported average of $1.285 per token implies an acquisition cost of about $3.855 million for 3 million Optimism (OP) tokens acquired in the two weeks through Oct. 20.

That average price was $1.285 per token. Multiplying it by 3 million gives an estimated acquisition cost, not the holding’s current market value.

The figure reflects activity associated with a single wallet and says nothing about demand across the OP market. The reported account gives no indication of who controlled the wallet or what prompted the purchases. OP is tied to a network designed to scale Ethereum.

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