Airdrop Rumors Lead To Optimism Native Token Price Spike

The native token prices of projects that use Optimism, an Ethereum Layer 2 scaling solution, have shot up by about 20% after rumors about the possibility that the network might launch a token airdrop spread in the crypto community.

Optimism is a Layer 2 scaling solution that uses Optimistic roll ups to process a high amount of transactions off the Ethereum blockchain. The project boasts the fact that it can process transactions up to 500x faster than Ethereum Layer 1.

A lot of rumors regarding a possible token airdrop for the users of Optimism projects started making the rounds on Twitter after Optimism posted about moving on to a “new chapter”. ”

Although Optimism did not specifically state that they will be airdropping tokens to users, crypto fans were excited about the last part of the post that stated that the project is moving into a new stage of development that will prioritize the community.

Optimism stated in their Tweet that “The network has grown by leaps and bounds, and it’s only getting better by the day. Our baby has learned to walk, and it’s nearly time to run. We’re nearing the end of a chapter and the beginning of the next one – driven by community ownership and governance.”

Well known “airdrop hunter”, OlimpioCrypto, suggested to their followers that Synthetix SNX might be the token to watch for a potential airdrop. This might be because SNX was the first protocol that started working with Optimism.

Other tokens related to Optimism also saw a spike in their prices after the rumors started circling. SNX, Lyra Finance (LYRA) and Synapse (SYN) are among these tokens. SNX itself has seen a 21.5% climb in the last 24 hours, according to CoinGecko.