The Optimism Foundation said it entered into a private token sale of approximately 19.5M OP tokens, worth roughly $90 million, to an unnamed buyer, according to a Mar. 8 statement.
According to the Foundation:
“The tokens come from the Unallocated portion of the OP Token treasury, and are part of the Foundation’s original working budget of 30% of the initial OP token supply. “
The sold tokens will be subject to a two-year lockup period, during which buyers can delegate them to third parties for governance participation.
In a Mar. 7 post on social media platform X (formerly Twitter), the Foundation added that it is giving its community the “heads up” about several “planned transactions” that would emanate from its wallet.
“Starting today and over the coming days, there will be several transactions from Optimism controlled wallets totaling approximately 25M OP tokens. We’re sharing as a heads up to our community that these are planned transactions,” it stated.
Meanwhi
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