Optimism Hits New All-Time Low After Base Moves Away From OP Stack

[bonk]

Optimism Whale Holding. Source: Santiment

Optimism (OP) plunged 23% in 24 hours, falling to a new all-time low near $0.140 as heavy selling pressure overwhelmed weak demand. The drop extends an already fragile downtrend, with liquidity thinning and sentiment deteriorating for weeks.

The sell-off intensified after Base confirmed it is transitioning away from the Optimism OP Stack to build its own unified technology stack. The move removed a key ecosystem catalyst, accelerating downside momentum and reinforcing bearish positioning across derivatives markets.

OP is now down roughly 61% from its 2026 peak. Technical structure remains weak, and a sustained break below $0.140 could expose the next major support near $0.119. Unless broader sentiment improves, rallies may continue facing heavy resistance.

[chainsniff]

23% down in 24h and someone out there said yeah this is my entry