After hitting its peak at $2.10, OP, the governance token launched by Optimism, falls drastically by 40 per cent. This has led to discussions among the members of the crypto community about baring certain players. Of course, these are the players who used the future airdrops to dump their tokens.
The Fall in OP Price
The demand for the governance token OP airdrop overwhelmed the layer 2 scaling solution at ETH (Ethereum). About 250,000 users who were eligible received 5 per cent of the total supply of token.
During the opening, OP started around $1.43 and eventually rose up to $2.10. As the day progressed, more users grabbed the free airdrop available. This lead to OP’s 40 per cent drop from $2.10 to $1.18.
Barring Dumpers from Future Airdrop Events
After the OP price dropped steeply, someone from the governance community at Optimism suggested an exclusion of those addresses which dumped every airdrop token they possessed. The governance community paid attention to this suggestion. At the time of writing, this post had over 12K views and 600 likes.
On top of that, this governance community member also advised that the aforementioned addresses should not be allowed in the next round when OP airdrops happen again. He suggested they should exclude public accounts from this arrangement.
According to the member of the Optimism governance community, Optimism should not reward such members who dump their airdrops at first sight.