An announcement on the Optimism governance website states that the foundation that powers layer2 blockchain Optimism has sold 116 million OP tokens ($157 million) to seven different purchasers.
The OP Token treasury’s unallocated fraction of the tokens used in the sale were described as the source of the tokens as it was a “private” and “planned” event. According to data from DefiLlama, optimism still has a treasury of about $1.25 billion, entirely comprised of its own token. To take part in blockchain governance, the seven buyers will be permitted to delegate the tokens to other parties.
The foundation also conducted its third community airdrop earlier this week, awarding a total of 19.4 million tokens to over 31,000 individuals. With an additional 570 million tokens set aside for upcoming airdrops, the amount of tokens that are currently in circulation is still somewhat small in comparison to the overall supply. According to CoinMarketCap, 18.59% of the total supply of OP is currently in circulation. OP is currently trading at $1.35, down 2.19% from its previous 24-hour high.