[Optimism (OP) breaks through ATH, 100% holders are now profitable]
While the rising price of Bitcoin (BTC) has put meme coins in the spotlight, Ethereum’s Layer 2 is also doing well, especially Optimism. The coin has enjoyed a stunning rise from last year’s low of $1.06 to an all-time high of $4.53.
OP's breakout puts it into uncharted price discovery territory with unpredictable prospects. But OP became a member of the 100% profit club
According to the encryption analysis platform IntoTheBlock (ITB), 1.06 million OP addresses have achieved profitability. The latest batch of profitable holders, a total of 15,400 addresses, purchased 3.11 million OP between $3.95 and $4.01.
At the beginning of the month, the situation was quite different. At that time, 981,000 addresses were in profit, accounting for 92.73%; 22,000 addresses were in loss, accounting for 2.1%; and the prices of 54,000 addresses were just flat, accounting for 5.17%. .
The unprecedented rally has allowed Optimism to join the 100% profit club, which also includes Bitcoin (BTC), Mantle (MNT), and Starknet (STRK).
Optimism is not only successful in terms of price. As a Layer 2 protocol based on Ethereum, Optimism supported by Optimistic Rollups technology has also become the technical basis for emerging high-performance protocols, such as Base supported by Coinbase.
As the industry boomed, OP's price and market value grew to $4.35 and $4.37 billion respectively, and its trading volume surged to $844.7 million, an increase of 173.11%.
