EXPLOIT DUE TO

Ethereum Scaling Project Optimism

Optimism (OP), the token powering Ethereum’s L2 scaling solution, lost almost 70% from its $4.57 listing price shortly after the highly anticipated airdrop. OP is trading

Due to the dumping of these airdropped tokens, OP plummeted by nearly 73 percent over the last 24-hours. The asset was trading for a low of $1.27, at press time.

Ethereum scaling project Optimism’s new OP token is down over 70% after launching via a community airdrop on Tuesday.According to data from CoinMa

The Surge In On

Airdrop 5

Optimism's OP Token Plummets After Botched Airdrop

The surge in on-chain activity during the Quest was reportedly associated with speculation of a second airdrop by the Optimism team. In April 2025, Optimism

The Airdrop Allocated

Transaction volumes on Optimism drop 70% following major spike

The airdrop allocated 10,368,678 OP to 54,723 unique addresses. Read on for more detail about eligibility criteria and allocations.

Sudden Optimism Airdrop Causes Drop in OP Token Value

Optimism Network

Optimism Network, a layer-2 blockchain platform, is taking steps to broaden its adoption and increase its competitiveness in the market. The platform recently conducted a surprise token

Optimism token drops by over 70% following airdrop; Details

OP Token Falls After Surprise Optimism Airdrop - CoinDesk

Optimism Network Conducted A Surprise

Optimism Token Drops By 70% After Airdrop - cryptonews.net

Optimism Network conducted a surprise token airdrop Thursday, sending 11.7 million governance tokens to more than 300,000 wallets, according to a blog post by the layer

Optimism Token Plummets 65% Following Hyped