Optimism
Why Optimism is down 5.1% today
Analysis
Optimism (OP) fell 5.1% over the past 24 hours as traders reacted to reports that Coinbase’s Base is “breaking up” with Optimism, a narrative that could be read as weakening OP’s ecosystem ties and near-term demand sentiment. Decrypt’s “Morning Minute: Base Breaks Up With Optimism” highlighted the development, which likely contributed to the downside move as the market repriced OP on the headline.
Contributing Factors (1)
Morning Minute: Base Breaks Up With Optimism
Base is taking their ball (onchain revenue) and going home (to their own chain).
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.