Early this morning, the Optimism team suddenly announced the second OP airdrop to the community. The price reaction of this token is “just like last time”.
Those who used to delegate their voting rights or pay gas to trade on layer-2 Optimism received the OP token airdrop today (February 10).
Today Optimism is OP Airdrop #2.
11.7M OP distributed to over 300k unique addresses to reward positive-sum governance participation and power users of Optimism Mainnet.
Read on for details on eligibility criteria and distribution.https://t.co/lgLMHqli26
— Optimism (✨🔴_🔴✨) (@optimismFND) February 9, 2023
Optimism confirmed, moved a total of 11,742,277.1 (worth $28.5 million) OP tokens to 307,965 wallet addresses, rewarding users based on authorized tokens. At the same time they are used to reduce some of the gas fees on the network.
A multiplier token bonus is applied to certain accounts that authorized over 20 OPs at the time of snapshot or had 54,367 authorized OPs in a given day. Those who have a history of transactions on the network for 6 months or spend more than 20 USD in gas fees are also eligible for the airdrop.
After the above news, the OP token price has been continuously red, even though it only established a new ATH on February 2, when the project submitted the Bedrock upgrade. Up to now, OP has dropped nearly 13% because the profit taking action from investors resonated with the overall decline of the market and is trading around the $2,445 price mark.
June 2022 witnessed the first “huge” and turbulent airdrop by Optimism. At that time, because the listing on exchanges is not synchronized, stemming from users claiming tokens early as well as technical problems, OP token price fluctuated wildly in the first 24 hours of launch.
Even, disgruntled with the OP being dumped by the airdrop recipient at that time, some members of the Optimism community proposed to “punish” those who did not act on the project’s overall purpose.