Wintermute, a famous Market Maker seem to be ready for the unlock and has moved 2.651M OP to Binance at $1.63 on avg ($4.31M) over the past 42 hours.
Notably, Wintermute accumulated 21.31M OP from Binance and Coinbase. Average buying price: $1.01 ($21.49M) so the most likely scenario is that he will sell those 2.651M OP for profit and make OP dump on the unlock day.
More details on the unlock on 31st May:
⚠ A total 386.5M OP ($587.5M) will be unlocked.
- 204M OP to core contributors .
- 182.5M OP to investors.
- Represents 9% of total supply or 53.5% of circulating supply.
Source: https://twitter.com/spotonchain/status/1663426166211104768
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