OP falls 6.84% to $0.1022 as average futures funding turns negative
- —OP trades at $0.1022, down 6.84% in 24 hours
- —Average OP futures funding rate at -0.0075%
- —OP futures open interest at $29.57 million
- —Optimism Foundation proposed rebating sequencer fees to partners
Why it matters: Negative funding signals short pressure, while the foundation's rebate plan could curb issuance and support the token.
Source: TokenPost
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