{"id":5826,"date":"2026-01-20T15:31:44","date_gmt":"2026-01-20T15:31:44","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5826"},"modified":"2026-01-20T15:31:44","modified_gmt":"2026-01-20T15:31:44","slug":"optimism-op-slips-toward-0-25-ahead-of-jan-22-buyback-vote","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5826","title":{"rendered":"Optimism (OP) slips toward $0.25 ahead of Jan. 22 buyback vote"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/1970\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25.jpg\" alt=\"Optimism Price\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>The Optimism Foundation\u2019s proposal for a token buyback goes to a vote on January 22, 2026.<\/li>\n<li>OP price has fallen sharply over the past year, and sentiment is largely bearish.<\/li>\n<li>The buyback could catalyze gains, with OP eyeing $0.52-$0.75.<\/li>\n<\/ul>\n<p>Optimism\u2019s OP token changed hands around $0.30 on Tuesday, January 20, 2026, slightly up in the past 24 hours as the community edges towards a key governance vote.<\/p>\n<p>But having traded to intraday highs of $0.37 last week, the token\u2019s dip to current levels risks allowing for a pullback to all-time lows of $0.25 reached in December.<\/p>\n<p>Can Optimism Foundation\u2019s plans for a buyback program that commits Superchain revenue to monthly OP purchases bolster bulls?<\/p>\n<h2>\u200bOptimism buyback details and implications<\/h2>\n<p>Optimism is set for a governance vote on January 22, 2026, following a proposal floated earlier this month.<\/p>\n<p>The Optimism Foundation wants community approval to allocate half of the sequencer fees for open-market buybacks of OP.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A proposal for the next chapter of Optimism \ud83d\udd34<\/p>\n<p>The Optimism Foundation is putting forward a proposal to align the OP token with growing Superchain demand by directing 50% of incoming Superchain revenue to regular OP buybacks  <a href=\"https:\/\/t.co\/jBQoJyxDCF\">pic.twitter.com\/jBQoJyxDCF<\/a><\/p>\n<p>\u2014 Optimism (@Optimism) <a href=\"https:\/\/twitter.com\/Optimism\/status\/2009282745466503506?ref_src=twsrc%5Etfw\">January 8, 2026<\/a><\/p>\n<\/blockquote>\n<p>If the vote passes, the program will start in February, with 50% of Superchain revenue flowing to Optimism. Repurchases are set to occur over the next year.<\/p>\n<p>The remaining 50% funds will be allocated to ecosystem grants, maintaining flexibility.<\/p>\n<p>As with other\u00a0 models, such as dYdX\u2019s 75% fee buybacks, Optimism aims to buy from the market. However, the tokens go back to the OP treasury rather than direct burns.<\/p>\n<p>If the latter happens, supply reduction will signal confidence in OP and Superchain\u2019s dominance.<\/p>\n<p>\u201cWith this buyback mechanism, OP transitions from a pure governance token to a token that is tightly aligned with the growth of the Superchain,\u201d Optimism wrote at the time.<\/p>\n<p>The mechanism targets every enterprise that creates a new chain on the Superchain, with these expected to add to the underlying demand for OP.<\/p>\n<h2>\u200bOP token price forecast<\/h2>\n<p>The Optimism (OP) price is down nearly 94% from its peak of $4.85 reached in March 2024. The downtrend has crushed holder sentiment, and despite the buyback proposal, the outlook is largely bearish.<\/p>\n<p>Bears may hold this advantage unless Optimism for instance, burns the repurchased tokens. BNB\u2019s quarterly burns have helped the token\u2019s price storm to new highs.<\/p>\n<p>In the short term, a post-vote rally could push prices to $0.52.<\/p>\n<figure id=\"attachment_358854\" aria-describedby=\"caption-attachment-358854\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-358854\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/01\/optimism-price-chart.png\" alt=\"Optimism Price Chart\" width=\"1057\" height=\"571\"\/><figcaption id=\"caption-attachment-358854\" class=\"wp-caption-text\">Optimism price chart by TradingView<\/figcaption><\/figure>\n<p>As the daily chart above indicates, the 50-day and 200-day exponential moving averages act as supply zones at $0.32 and $0.51 (currently).<\/p>\n<p>Targets in the $0.60-$0.75 range are a possibility should the crypto market experience a rebound from current downward pressure.<\/p>\n<p>Gains for Ethereum and top ecosystem tokens will catalyse this likely OP bounce.<\/p>\n<p>However, bearish pressure means the psychological $1 mark remains well off the threshold for now.<\/p>\n<p>Major token unlocks will continue to cap gains, too, and a dip to $0.25 on fresh downward catalysts will encourage sellers.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Markets,Altcoins#Optimism #slips #ahead #Jan #buyback #vote1768923104<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Optimism Foundation\u2019s proposal for a token buyback goes to a vote on January 22, 2026. OP price has fallen sharply over the past year, and sentiment is largely bearish. The buyback could catalyze gains, with OP eyeing $0.52-$0.75. Optimism\u2019s OP token changed hands around $0.30 on Tuesday, January 20, 2026, slightly up in the<\/p>\n","protected":false},"author":1,"featured_media":5827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-5826","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Optimism (OP) slips toward $0.25 ahead of Jan. 22 buyback vote - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"The Optimism Foundation&#039;s proposal for a token buyback goes to a vote on January 22, 2026 and OP holders eye a potential price bounce\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=5826\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Optimism (OP) slips toward $0.25 ahead of Jan. 22 buyback vote\" \/>\n<meta property=\"og:description\" content=\"The Optimism Foundation&#039;s proposal for a token buyback goes to a vote on January 22, 2026 and OP holders eye a potential price bounce\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=5826\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-20T15:31:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"281\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5826\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=5826\",\"name\":\"Optimism (OP) slips toward $0.25 ahead of Jan. 22 buyback vote - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5826#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5826#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25.jpg\",\"datePublished\":\"2026-01-20T15:31:44+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"The Optimism Foundation&#039;s proposal for a token buyback goes to a vote on January 22, 2026 and OP holders eye a potential price bounce\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5826#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=5826\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5826#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/1675356609679-1d15a350-3e53-4310-b9c1-b57ea9bf2a25.jpg\",\"width\":500,\"height\":281},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5826#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Optimism (OP) slips toward $0.25 ahead of Jan. 22 buyback vote\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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