Optimism Tokens Worth $587M Unlock Soon- Will Investors Sell?

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On May 31, a scheduled unlocking of over 386 million Optimism tokens, equivalent to a value of $587 million, will mark the conclusion of the initial vesting period for early contributors and investors. This development has raised concerns about a potential decrease in price. Additionally, this unlocking event involves 335 million OP tokens out of the current total circulating supply, potentially increasing the prospective circulating supply by more than 100%.