A sell-off from the Optimism Foundation has arrived: OP investors are worried!

The Foundation, which backs the layer-2 project Optimism (OP), has announced that it has sold approximately 19.5 million tokens worth over $89 million at current prices. Terms of sale and buyer identity have not yet been disclosed.

According to the official announcement, the tokens will be subject to a two-year lock-up period. However, the buyer will be able to delegate tokens to third parties for governance votes "Optimism has entered into a private token sale of approximately 19.5 million OP tokens," the announcement posted on Optimism's governance forum said

Reactions after the sale were not delayed!

The project claims that the tokens come from the unallocated portion of the Optimism treasury and that 30% of the Foundation's initial OP token supply is part of its working budget. In addition, Optimism reported that various transactions related to the private sale will take place in the coming days

The news of the Optimism private sale has not been well received by many communities. Daily Gwei founder Anthony Sassano shared on X that "private sales with zero transparency like this taste really bad in my mouth". Another user X sarcastically claimed: "If it's a private sale, it's not a dump. Isn't it?"

With the increasing demand for Ethereum, Layer-2 projects have put themselves at the forefront. However, this move on the part of the company has written a negative on the project. Both the course of the market and the fact that Optimism, which found a good opportunity from the Layer-2 trend, made such a move naturally confused people.