Markets· ★★· bullish·

Whale accumulates 3 million OP over two weeks at $1.285 average

  • —Whale bought 3 million OP for roughly $3.855 million over two weeks
  • —Average purchase price was $1.285 per token
  • —Optimism's revenue this year is well below last year's level
  • —The approved OP buyback program has not yet been activated
Why it matters: The large accumulation signals a bet on an L2 recovery, but weak revenue and a delayed buyback remain headwinds for OP.
#OP
Source: TokenPost
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