7 hours ago, a group of related addresses suspected to be the OP project party recharged 33.43 million OPs to Coinbase Prime in 11 transactions, with a total value of 97.63 million US dollars.

At present, the total circulation of OP is about 1 billion, and the OP token was issued in June 2022. By tracing the source of this batch of addresses, it can be seen that the OP in the address was transferred from the multi-signature address on August 17, 2022, so the actual controller of the OP on this batch of addresses should be the OP project party.

Since May last year, this batch of addresses has recharged Coinbase Prime almost every two months on May 31, July 27, October 2, November 28, February 28, 2023, and May 21, 2024. Today's batch has the largest total amount in the historical recharge.

Figure 3 marks the suspected OP project direction Coinbase Prime recharge time point and subsequent trend in the K line for reference.

$OP