Optimism ($OP )
The second-level (L2) coin OP has also attracted the attention of crypto whales this week. According to IntoTheBlock, the concentration of the token in whale wallets has increased by 1% over the past week. These wallets now hold 2.61 billion OP — 61% of the circulating supply of the coin.
The growing concentration indicates that whales believe in the long-term value of OP, especially against the backdrop of rising institutional demand for ETH. OP has increased by 23% over the past week and is trading at $0.67. If accumulation continues, the price could exceed $0.69. If bears take over, the price of OP could drop to $0.54.
