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Optimism price rally gets boost from OP token accumulation

Optimism, a Layer 2 protocol, noted a spike in its accumulation by digital asset firm, Amber Group. The token’s on-chain metrics support a bullish thesis for the asset. The token’s price climbed 50% over the past 30 days, yielding gains for the Layer 2 token’s holders. The Layer 2 token noted accumulation by both institutional investors and traders. Based on data from on-chain tracker Data Nerd, a wallet address associated with the Amber Group, withdrew 2.84 million OP tokens from Binance. The Layer 2 blockchain token’s on-chain metrics support a bullish outlook on OP price. This signals rising demand and relevance of the token, among market participants.

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