Optimism plans to release approximately 343 million OP tokens over the next 12 months, while its buyback program has only acquired 9 million tokens worth roughly $781,000. The gap between announced token sources (272.9 million) and the official target (343 million) remains unexplained, as does an additional discrepancy of 125 million OP between the reported circulating supply and official tracker data. OP price hit an all-time low of $0.082043 on August 1 and is currently trading near that level, down 98% from its March 2024 peak of $4.84. The departure of Base, Coinbase’s network, caused OP to fall 23% and led Optimism to cut staff by over 20%, while the OP Enterprise program must now offset this supply expansion.
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