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OP plummeted 25% in 24 hours
The Optimism token (OP) lost about 25% over the past 24 hours following reports that Coinbase plans to move away from the Optimism Stack and focus on developing its own technology solution.
The market took this as a blow to the Optimism ecosystem, as Coinbase was previously one of the key partners. Investors are concerned about a reduction in strategic support and the possible reallocation of liquidity in favor of alternative L2 solutions.
$OP $OP