$OP is near $0.14, but Optimism's buyback program is still active.
OP is down almost 7% in my latest Binance snapshot.
The price looks weak, but one development is worth paying attention to.
Optimism has been using 50% of net Superchain sequencer revenue for OP token buybacks.
A recent community update reported more than 9.4 million OP bought back so far.
That's an effort to connect network activity with token demand.
Still, buybacks alone don't guarantee a recovery, especially when the wider market is selling.
I'm watching whether OP can reclaim $0.14 and build momentum toward $0.15.
The Superchain is developing. Now the token needs to show strength too.
$OP
#Optimism #OP #Superchain #Layer2 #CryptoMarket
OP is down almost 7% in my latest Binance snapshot.
The price looks weak, but one development is worth paying attention to.
Optimism has been using 50% of net Superchain sequencer revenue for OP token buybacks.
A recent community update reported more than 9.4 million OP bought back so far.
That's an effort to connect network activity with token demand.
Still, buybacks alone don't guarantee a recovery, especially when the wider market is selling.
I'm watching whether OP can reclaim $0.14 and build momentum toward $0.15.
The Superchain is developing. Now the token needs to show strength too.
$OP
#Optimism #OP #Superchain #Layer2 #CryptoMarket