Optimism Airdrops $30M Worth of OP Tokens, Price Plunges 13% Daily

The long-awaited second airdrop of Ethereum’s layer-two scaling solution – Optimism – is here. The protocol distributed a total of 11.7 million OP tokens to over 300,000 addresses.

The price of OP dropped after the announcement.

• Many have been expecting the second airdrop of the popular Ethereum layer-two scaling solution, Optimism. The first one saw around 200 million OP tokens airdropped to 250,000 early adopters, and some of them received up to $20K worth of tokens on the day of the event.
• This one, however, pales in comparison. The airdrop saw 11.7 million tokens distributed to 300,000 addresses based on various criteria.
• This means the average user who qualified got about 39 tokens worth less than $100 at current prices.
• The announcement reads:

Airdrop #2 has been distributed to:

-> Addresses that have delegated the voting power of their OP tokens.

-> Addresses that spent more than $6.10 on L2 gas since March 25, 2022 – the average cost of a transaction on Ethereum L1.

• The snapshot was taken on January 20th, 2023, at 00:00 UTC.
• The price of OP has reacted badly to the news and is currently down about 13%, trading at roughly $2.35 at the time of this writing.