Optimism set to unlock $587M worth of OP tokens, will investors unload? By Cointelegraph

More than 386 million Optimism (OP) tokens — worth $587 million at current prices — are scheduled to be unlocked on May 31 as the initial vesting period for early contributors and investors comes to an end, prompting concerns about downward price pressure.

The May 31 OP unlock is one of the largest scheduled unlocking events of this year. With a current total circulating supply of just 335 million OP tokens, the unlock could potentially see the circulating supply increase by more than 100%.