Bearish
Optimism's OP token price drops 4% to $0.089 amid record US money supply.
In the past 24 hours, Optimism's OP token experienced a 4% decline, trading at $0.089. This downturn occurred despite the US M2 money supply reaching a record high of $23.2 trillion in July, a development that typically encourages riskier investments. The decline suggests that OP's price is influenced more by internal factors than by broader macroeconomic trends.
Key points
- OP token price falls 4% to $0.089 amid record US money supply.
- US M2 money supply reaches record high of $23.2 trillion in July.
- Optimism's OP token price remains well below its all-time high of $4.85 from March 2024.
Sources
AI-generated from public news sources. Not financial advice.
