Token inflation and waning interest pose significant obstacles for many crypto projects. A potential remedy for these issues is a buyback scheme where revenue is used to repurchase tokens from exchanges, thereby stabilizing value and luring new investors. The team behind OP Coin is currently adopting this approach to reinvigorate their token.
What is Optimism’s Buyback Plan?
The Optimism Foundation plans to initiate a token buyback program beginning next month, utilizing funds garnered from Superchain. The aim of this initiative is to buoy the faltering OP Coin while augmenting the robustness of the ecosystem. The plummeting value of the token threatens to erode its user engagement, community vitality, and overall functionality of the network.
Can the OP Coin Align with Superchain Growth?
The OP Stack, initially an Ethereum scaling trial, has matured over five years to become a primary infrastructure choice for developers. Superchain, which underpins this transformation, holds commanding control over 61.4% of the L2 fee market share and facilitates 13% of all cryptocurrency transactions. Despite this robust growth, the OP token has yet to mirror such progress, underscoring the urgency for intervention.
Numerous projects, including Base, Unichain, and World Chain, operate on the OP Stack L2 network, generating revenues from Superchain. A fraction of this revenue channels back into Optimism, which in the past year alone accrued 5,868 ETH. This entire amount is placed under the stewardship of Optimism governance.
Half of Superchain’s annual revenue is slated to be allocated to buying OP tokens, approximating an annual buyback worth $7.2 million from a $615 million market cap. If annual revenues match last year’s, the buyback could approximate $7.5 million, providing moderate yet crucial support for OP’s market value.
“This initiative will foster a more stable market environment for OP Coin, ultimately benefitting our community and strengthening our position in the crypto space,” stated an Optimism Foundation representative.
A governance vote regarding this proposal is anticipated on January 22, with intentions to launch the program by February.
Will OP Coin Overcome Its Valuation Struggles?
OP Coin has experienced significant struggles over 679 days, enduring a 94% decrease in value. This situation intensified in 2025 when it failed to reclaim $0.35, following the loss of the $2.27 threshold. These difficulties are largely attributed to initial token supply mechanisms and subsequent unlocking phases.
- Potential buyback amounting to $7.5 million if favorable conditions persist.
- Half of Superchain’s revenue is earmarked for OP token purchases over the next year.
- Upcoming governance vote set for January 22 to greenlight the plan.
Recovery hopes rest on OP Coin’s ability to reclaim $0.35, which may allow it to again challenge last year’s resistance of $0.83. A positive market climate and compelling strides are crucial for strengthening investor confidence through the buyback program.
