Ethereum L2 Optimism (OP) Slumps 66% In Hotly Anticipated Debut
Optimism, a popular layer-2 blockchain on Ethereum, saw its governance token OP plummet over 60% in its market debut. The blockchain began airdropping the token, OP, late on Tuesday. Early adopters of the project, which offers scaling solutions for Ethereum, were the primary recipients of the airdrop. OP debuted at $4.479, before dropping sharply to as low as $0.7973. The token is now trading around $1.56- nearly 66% below its debut, according to data from Coinmarketcap.com. Optimism had announced the...