Optimism, a layer 2 blockchain project, has announced that it has sold 116 million of its native OP tokens, worth $157 million, to seven different buyers.
Starting today, there will be several transactions totaling approximately 116M OP tokens. We’re sharing as a heads up to our community that these are planned transactions.
— Optimism (✨🔴_🔴✨) (@optimismFND) September 20, 2023
The sale was a “private” and “planned” event that used an unallocated part of the OP Token treasury.
The treasury still holds about $1.25 billion worth of OP tokens, according to DefiLlama data.
The buyers can delegate their tokens to others who can then take part in the governance of the blockchain.