While Bitcoin Falls Before the Fed Interest Rate Decision, the News of 90 Million Dollar Investment Sends the Price of Altcoin Soar!

According to the latest reports, venture capital giant Andreessen Horowitz (a16z) purchased #OP tokens worth $ 90 million due to its interest in the Ethereum Layer-2 platform Optimism.

Opposing the decline in the market, the Optimism (OP) price retreated slightly after rising by 13.5% in the last 24 hours. Despite this, it has a market value of $2.63 billion and is trading at $2.52.

Interestingly, last March 7, #Optimism Foundation made a statement and stated that it sold approximately 19.5 million OP tokens, worth approximately $90 million, to an undisclosed buyer.

These tokens were sold from the 30% supply allocated for the first operational budget of the original foundation treasury owned by the OP.

Sources familiar with the matter told Unchained that a16z's OP token purchase comes amid strong progress in the #Optimism ecosystem, including an increase in Optimism's use of the #OP Stack, in a process that has spanned two years

Investors who participate in vesting periods on a token are generally considered to be purchasing at a lower price than the token's current trading price.

On the other hand, the step taken by Celo blockchain developers recently attracted attention.

Celo's choice of OP Stack to launch the highly anticipated Layer-2 solution on the blockchain side brought with it comments that an important point was left behind on the #Optimism Sid .