According to the predetermined schedule, layer-2 OP Mainnet (Optimism) will unlock 24.16 million OP Token on July 30.
OP Mainnet (Optimism) is about to unlock 24 million OP
According to Token Unlocks data, 24.16 million OPs, or 3.56% of the supply, worth $34.79 million at the time of writing, will be put into circulation by the OP Mainnet from July 30.
OP unlock calendar data. Source: Token Unlocks
This unlock will allocate 12.75 million OP to core contributors and 11.41 million OP to investors. As of now, the OP Mainnet has unlocked 702.31 million OPs, or 16% of the total supply.
OP price in general has not changed much before the upcoming unlocking schedule, partly because this is not a large OP unlock period.
1D frame OP price movement July 26, 2023 on Binance
During last month's unlock on June 30, OP Mainnet released 386.5 million OP Token - worth $591 million at the then exchange rate. The OP price before the unlock date dropped by more than 10% and quickly recovered to 15% after that.
The OP Mainnet in the past has had many notable developments, including the "change of face" when it changed its name from Optimism to OP Mainnet , towards the vision of becoming Superchain.
Besides, the project was also selected by BASE (a Second-Layer Solutions backed by Coinbase) and Zora ( Non-Fungible Token trading market) to integrate development on the OP Stack toolkit. Recently, the Worldcoin retinal scanning project and the Public Goods Network community utility solution also announced that it will deploy OP Chain.
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