Optimism

OP 24 Hour Move

-4.25%

$0.26 → $0.25

Why Optimism is down 4.2% today

Analysis

Optimism (OP) fell 4.2% over the past 24 hours even as Cointelegraph reported that Optimism passed a buyback proposal intended to bolster the OP token. The drop suggests the market didn’t treat the governance news as an immediate catalyst for upside, with price action moving lower despite the announcement.

Contributing Factors (1)

Cointelegraph 3 weeks ago

Optimism passes buyback proposal to bolster OP token

The Optimism blockchain will begin to sell half of its Superchain revenue to buy back its own token starting next month, with the tokens held for future ecosystem use.

Confidence

61%

Read source

Move Details

Asset Optimism

Symbol OP

Direction ↓ Bearish

Timeframe 24 Hours

Start Price $0.26

End Price $0.25

Change -4.25%

Detected Jan 31, 2026 10:20 AM

Explanation Confidence

61%

Moderate confidence. Multiple factors may be contributing.

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