Optimism's OP Token Drops Over 20% After Base's Tech Stack Shift

Optimism's OP token has experienced a significant decline, dropping more than 20% after Base announced its decision to transition from the OP Stack to a new unified technology stack. According to NS3.AI, this strategic move marks the end of a three-year dependency between Base and Optimism, with Base now retaining sequencer revenue that was previously shared with Optimism. The token's downturn is indicative of broader challenges faced by altcoins, as Bitcoin consolidates and market-wide selling pressure persists.