TechFlow reported, citing UnchainedCrypto, that according to two sources familiar with the matter, venture capital firm a16z purchased approximately $90 million worth of Optimism's native OP tokens in March. The investment will be subject to a two-year vesting period.
So far, a16z has not responded to multiple requests for comment, and an Optimism spokesperson declined to provide specific comments regarding a16z's involvement.
According to OKX market data, OP is currently trading at $2.67, up 13.86% over the past 24 hours.
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