Not Optimistic on OP token. What does it even do?
Updated
Get this: You cannot even use OP tokens as transaction fees on the OP chains. All Level 2 tokens are useless. Only ETH matters.
At the end of the month, millions of OP tokens get released and dumped on the markets. See the supply schedule.
The OP Foundation sold billions of tokens to investors at sub $1 prices.
Have fun holding OP and becoming a "Community Member" by particiapating in governance voting.
At the end of the month, millions of OP tokens get released and dumped on the markets. See the supply schedule.
The OP Foundation sold billions of tokens to investors at sub $1 prices.
Have fun holding OP and becoming a "Community Member" by particiapating in governance voting.
Trade active
Any green days are for adding to shorts or selling.Trade active
Comfy in shorts.Been stable yield farming on Aave on Optimism and they gave me free OP to dump on the market.
Trade closed: target reached
Took profits and closed this short. The volume looks like the capitulation is in. It may slowly bleed lower but I'm good with the profits.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.