Recent market events saw a significant drop in Bitcoin prices. However, amidst this decline, news emerged that over 30,000 Bitcoins linked to Silk Road activities had been transferred. Further investigation revealed that a substantial amount of Bitcoin was sent to the Coinbase exchange from the same address. It was in the midst of these developments that Robinhood, a company known for no commission fees and strict listing policies, made a noteworthy announcement. The decision was taken to list Optimism (OP) on their platform.

Optimism (OP) Listing Details

Robinhood, with its expansion plans in Europe and Android application launch, disclosed the news about listing Optimism. Trading of OP tokens commenced following the announcement, influencing the price during a period of market decline.

Current Status of Optimism (OP)

As of now, the price of Optimism stands at $3.2, after an 8% decrease in the last 24 hours. Despite this drop, there has been a noticeable increase in the OP price after the announcement. The token experienced a 3% surge during Bitcoin's price drop but failed to achieve the typical gains associated with new listings because of prevailing market conditions. Simultaneously, OP's market cap dropped by 6%, now valued at $3.2 billion.

In terms of market cap ranking, OP holds the 40th position. Following the listing news, the 24-hour trading volume showed a significant increase, surging by 37% to over $327 million. Meanwhile, attention remained on the Bitcoin price, which briefly fell below $65,000 but recovered to $65,467 at the time of this report.

This information was initially published on COINTURK NEWS.