Bearish
Optimism (OP) drops 4% to $0.089 as record US money supply fails to boost Layer-2 tokens
Despite a record increase in the US M2 money supply, Optimism's OP token declined by 4% to $0.089. This suggests that the anticipated liquidity boost is not reaching Layer-2 tokens like OP.
Key points
- OP's 4% decline on a day when the money-supply print hit a record high shows a token trading on its own weakness rather than the macro tide.
Sources
AI-generated from public news sources. Not financial advice.
