TechFlow reports that the Optimism Foundation has announced the private sale of approximately 19.5 million governance tokens, worth over $89 million. These tokens will be locked for two years, although purchasers can still delegate their tokens to third parties for governance voting. The move has drawn criticism from some members of the Ethereum community, but Optimism's token price rose nearly 3%.
Previous report: Wallets controlled by Optimism are set to conduct several transactions in the coming days, transferring around 25 million OP tokens.
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