Optimism's OP token recently
fell significantly as
Coinbase’s Base decided to
move away from the network's 'OP stack' leading to a tech shift. The price of the
OP token crashed around 23% to reach a new all-time low. The sudden drop has led to the
Optimism token price to plunge by 25%, cutting off DAO from substantial revenue. The exit has triggered
speculations about the future of
OP Coin dropping. However, as
Optimism proposes
token buybacks and a
vote is initiated in the community regarding this, OP's long-term value might witness a revival. Amidst this,
Optimism also plans to leverage Flashbots to supercharge
OP Stack Sequencing. While OP prices have been sliding, some whales have been accruing the token. With the restructuring of the core priorities, Optimism governance also approved the proposal for an OP token buyback plan tied to
superchain revenue. The
Optimism price also saw a 30% crash affecting Layer-2s while whales continue buying.
Optimism Foundation has unveiled a monthly OP buyback plan using its revenue.
Optimism also plans to move its crypto card product to OP mainnet.
OP Coin remains a speculative asset, but the community is hopeful of a bullish turn, especially with price predictions hinting at a potential leap in 2025.
OP Coin News Analytics from Tue, 11 Apr 2017 07:00:00 GMT to Sun, 12 Apr 2026 01:33:33 GMT -
Rating -7
- Innovation 3
- Information 8
- Rumor -3
