According to an announcement on the Optimism (OP) website, the foundation behind the layer2 blockchain Optimism recently conducted a significant token sale, generating $157 million in revenue by selling 116 million OP tokens to seven distinct purchasers. This token sale was a planned and deliberate event.
The foundation characterized this token sale as a private and prearranged affair, with the tokens originating from an unallocated portion of the OP Token treasury. To provide some context, Optimism’s treasury currently holds approximately $1.25 billion, and this treasury is entirely comprised of its own tokens.
Seven selected buyers have been granted the ability to transfer these tokens to third parties, allowing them to engage in blockchain governance activities. Furthermore, the foundation distributed its third community Airdrop earlier this week, distributing 19.4 million tokens to more than 31,000 users.
Despite these distributions, the circulating supply of OP tokens remains relatively low compared to the total supply, with 570 million tokens earmarked for future Airdrops. As per CoinMarketCap data, the circulating supply of OP tokens represents only 18.59% of its total supply.
In terms of price performance, OP tokens are currently trading at $1.34, reflecting a 3 percent decrease over the past week.
