The token was trading at $2.66 midday Wednesday, a 5% bump up from its 24-hour low. Most of the Wednesday rally immediately preceded Andreessen Horowitz’s announcement at 10:49 am ET. OP had already rallied Tuesday on traders’ speculation of an a16z deal before giving back its gains – and then some – alongside sizable declines in the broader cryptocurrency markets.
Source: https://www.coindesk.com/markets/2023/04/19/optimisms-op-token-bounces-after-a16z-project-announcement/?utm_medium=referral&utm_source=rss&utm_campaign=headlines