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Optimism's OP token drops 6.84%, extending a week-long decline amid Uniswap's migration plan.

Market News
18 Oct 2026
Tokenpost
View Source
Bearish
Optimism's OP token drops 6.84%, extending a week-long decline amid Uniswap's migration plan.

Optimism's OP token fell 6.84% to $0.12548 on October 18, continuing a seven-day decline of 7.24%. The drop followed a period of selling pressure as the token traded near $0.14 earlier. This movement comes amid Uniswap's plan to migrate its Unichain to Optimism's OP Enterprise, with testnet migration scheduled for October 13 and mainnet migration for October 29. The migration will have Optimism manage key production functions while keeping Unichain's chain ID, contracts, balances, and applications unchanged, signaling a significant operational shift that may affect market sentiment.

As of Oct 18, 2026 17:21 WIB, Optimism's OP token is trading at Rp2.280 on Pluang, down 6.48% in the last 24 hours. The platform shows a market cap of Rp5,29 trillion and a 24-hour trading volume of Rp1,15 trillion. Notably, sell orders dominate at 93%, with typical holders keeping their OP tokens for about 52 days, highlighting active selling pressure consistent with the recent price drop.

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