Optimism OP Token Bearish on Declining Buybacks

Bad news for optimism:native holders? Optimism’s monthly OP buyback has already fallen 87% and the Foundation won’t commit to continuing it beyond the first 12 months. Meanwhile, another 216 million OP is still set to enter the market. Optimism governance approved a 1-year program in January that uses 50% of Superchain revenue to buy OP. The idea was that more activity and revenue would lead to more OP token buys. It’s clearly not working. Our exclusive http://beincrypto.com/optimism-op-buyback-review-purchases-fall