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1 year ago

Optimism Airdrops $30M Worth of OP Tokens, Price Plunges 13% Daily

George Georgiev Feb 10, 2023 13:41
The second Optimism airdrop is through distributing 11.7M OP tokens to 300K users.

The long-awaited second airdrop of Ethereum’s layer-two scaling solution – Optimism – is here. The protocol distributed a total of 11.7 million OP tokens to over 300,000 addresses.

The price of OP dropped after the announcement.

  • Many have been expecting the second airdrop of the popular Ethereum layer-two scaling solution, Optimism. The first one saw around 200 million OP tokens airdropped to 250,000 early adopters, and some of them received up to $20K worth of tokens on the day of the event.
  • This one, however, pales in comparison. The airdrop saw 11.7 million tokens distributed to 300,000 addresses based on various criteria.
  • This means the average user who qualified got about 39 tokens worth less than $100 at current prices.
  • The announcement reads:

Airdrop #2 has been distributed to:

-> Addresses that have delegated the voting power of their OP tokens.

-> Addresses that spent more than $6.10 on L2 gas since March 25, 2022 – the average cost of a transaction on Ethereum L1.

  • The snapshot was taken on January 20th, 2023, at 00:00 UTC.
  • The price of OP has reacted badly to the news and is currently down about 13%, trading at roughly $2.35 at the time of this writing.
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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn