OP foundation just sold 119m tokens. Market efficiency is coming.

Optimism Foundation sold about 19.5 million OP tokens in a private transaction, a deal worth roughly $90 million at the time and described by the foundation as part of treasury management using unallocated tokens from its original working budget. The buyer was not publicly disclosed, and the tokens were subject to a two-year lockup, though the purchaser could delegate them for governance during that period. The sale mattered because it revived community concerns about transparency after an earlier private sale in September 2023, when the foundation sold about 116 million OP tokens to seven purchasers under similar terms. Those transactions drew attention because they can affect governance dynamics and market supply expectations even when the tokens are locked, and reports at the time noted that OP’s price softened after the announcement.

✨ AI-generated background, compiled from web sources — not editorial content.

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• Token Sale – September 2023 - Updates and Announcements (gov.optimism.io)
• Optimism Sells $89M OP Tokens in Private Transaction (x.com)

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