Market Reacts to Base's Infrastructure Announcement with $OP Sell-Off

Crypto KOL Eli5defi on X reported that the market experienced a 12% sell-off of $OP following Base's infrastructure announcement. This reaction was not driven by panic but rather a rational adjustment in pricing. The announcement from Base, a blockchain infrastructure provider, prompted investors to reassess the value of $OP, leading to the significant market movement. Eli5defi emphasized that the sell-off reflects a calculated response to the new information rather than an emotional reaction.