• Optimism’s price fell by 4.2% following a $5M sale by a whale on Binance.
• Whale faces a $990K loss in one month from a 2,000 ETH investment into OP.
• OP trading volume spikes 671.7% amid price volatility and market uncertainty

In the last 24 hours, the Optimism (OP) market has been in a bearish phase, triggered by a “whale” selling 2.095 million OP tokens for 5 million USDT on the Binance trading platform. This large-scale sale resulted in a 4.2% drop in the price of OP.

The transaction involved selling a substantial amount of OP tokens at a loss for the seller. The whale initially acquired these tokens by trading 2,000 ETH, valued at $5.99 million at the time, on May 3rd. The recent sale, therefore, represents a financial setback of approximately $990,000, or a 16.5% decrease from the initial investment.

During th…

The post Optimism (OP) Price Dips 4.2% After Whale Dumps $5M in Tokens appeared first on Coin Edition.

• Optimism’s price fell by 4.2% following a $5M sale by a whale on Binance.
• Whale faces a $990K loss in one month from a 2,000 ETH investment into OP.
• OP trading volume spikes 671.7% amid price volatility and market uncertainty

In the last 24 hours, the Optimism (OP) market has been in a bearish phase, triggered by a “whale” selling 2.095 million OP tokens for 5 million USDT on the Binance trading platform. This large-scale sale resulted in a 4.2% drop in the price of OP.

The transaction involved selling a substantial amount of OP tokens at a loss for the seller. The whale initially acquired these tokens by trading 2,000 ETH, valued at $5.99 million at the time, on May 3rd. The recent sale, therefore, represents a financial setback of approximately $990,000, or a 16.5% decrease from the initial investment.

During th…

The post Optimism (OP) Price Dips 4.2% After Whale Dumps $5M in Tokens appeared first on Coin Edition.