Wake up, optimists!
While you’re waiting for the moon, wallet 0x677 (linked to Optimism) just dumped 12.8M $OP ($1.56M) onto Coinbase.
Want to guess why? It's definitely not just to hold.
In the past week alone, this wallet accumulated over 209M OP, mostly from Gemini Custody and team-linked sources.
It’s been 3 months since the buyback proposal was approved, and the amount of tokens bought back is... ZERO.
Instead, we see daily unlocks of ~1M OP and rising sell pressure.
When supply floods the market and demand is fed only with promises, the outcome is predictable.
I choose facts over hopium. Watch the liquidity before it evaporates!
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