According to the information disclosed by the Optimism Foundation, the organization has sold approximately 19.5 million OP tokens to private institutions, with an estimated value of around $90 million based on the current market price. These tokens will have a lock-up period of two years, and buyers will be allowed to delegate the tokens to unrelated third parties for governance during this period. However, due to the private nature of the transactions, specific terms and buyers cannot be disclosed.
The foundation stated that these tokens belong to the undistributed portion of the Ecosystem Fund and are part of the original operational budget of the foundation.
Meanwhile, the foundation urges the community not to panic as there will be several transactions involving the distribution of OP tokens in the coming days. These transactions are all planned.
