The token was trading at $2.66 midday Wednesday, a 5% bump up from its 24 hour lows. Most of the Wednesday rally immediately preceded a16z’s announcement at 10:49 am ET. OP had already rallied Tuesday on trader speculation of an a16z deal before giving back its gains – and then some – alongside sizable declines in the broader cryptocurrency markets.
Optimism’s OP Token Bounces After Andreessen Horowitz (a16z) Project Announcement
