Bearish
Optimism (OP) drops 4% to $0.089 as record US money supply fails to boost Layer-2 tokens
In the past 24 hours, Optimism's OP token declined by 4% to $0.089, despite a record increase in the US M2 money supply. This suggests that the anticipated liquidity boost is not reaching Layer-2 tokens like OP. Additionally, WalletInvestor's model assigns an A+ rating to OP but projects a negative price trajectory over the next year, indicating potential challenges ahead.
Key points
- OP token declines 4% to $0.089 amid record US M2 money supply
- WalletInvestor's model assigns A+ rating to OP but projects negative price trajectory
Sources
AI-generated from public news sources. Not financial advice.
