fmcpay 130 million tokens transferred from the foundation wallet of op to the gnosissafe wallet

130 million tokens of $OP transferred from the Foundation Wallet to the GnosisSafe Wallet

Today, some on-chain information doesn’t look very positive for the market. The most notable among them is the transfer of 130 million tokens from the Foundation wallet of $OP to the GnosisSafe wallet. In the three most recent instances of similar activity on August 30th, August 4th, and June 8th, the token’s price experienced significant drops (20%-30%). What’s particularly noteworthy this time is that the volume of tokens transferred is much larger than in previous instances. 

Transaction Hash: 

This is indeed a cause for concern for those holding OP tokens. It’s advisable to exercise caution with this token in the coming period.

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