• The Optimism Basis’s token buyback proposal might be put to a vote on January 22, 2026.
• OP costs have fallen considerably over the previous yr, and sentiment is basically bearish.
• Share buybacks may gas the rally, with working revenue more likely to be between $0.52 and $0.75.

Optimism’s OP token traded round $0.30 on Tuesday, January 20, 2026, and has risen barely over the previous 24 hours because the neighborhood strikes in direction of an necessary governance vote.

Nonetheless, having traded as excessive as an intraday excessive of $0.37 final week, a fall within the token to present ranges dangers permitting it to fall to its all-time low of $0.25, set in December.

Might the Optimism Basis’s buyback program plan, which makes use of superchain proceeds to fund month-to-month OP purchases, assist the bulls?

Particulars and influence of share buybacks as a result of optimism

A vote on governance is anticipated to be held on January 22, 2026, following proposals put ahead earlier this month, creating an optimistic outlook.

The Optimism Basis is looking for neighborhood approval to allocate half of sequencer charges to open market buybacks of OP.

Options for the following chapter of optimism 🔴

The Optimism Basis proposes to align OP tokens with rising demand for Superchain by directing 50% of Superchain’s income to common OP buybacks https://t.co/VSDazlbRdX pic.twitter.com/jBQoJyxDCF

— Optimism (@Optimism) January 8, 2026

If the vote passes, this system will begin in February and 50% of the superchain’s income will go to Optimism. The buyback is anticipated to happen over the following yr.

The remaining 50% of funding might be allotted to ecosystem grants whereas sustaining flexibility.

Much like different fashions akin to dYdX’s 75% fee buyback, Optimism goals to purchase from the market. Nonetheless, the tokens usually are not burned straight, however are returned to the OP treasury.

If the latter occurs, the discount in provide will sign confidence within the superiority of OP and the superchains.

“This buyback mechanism strikes OP from a pure governance token to at least one intently aligned with superchain development,” Optimism wrote on the time.

This mechanism targets all firms creating new chains on the superchain, and these are anticipated to additional improve the potential demand for OP.

OP token value prediction

Optimism (OP) value has fallen practically 94% from its all-time excessive of $4.85 in March 2024. The downward development has shattered holder sentiment, and regardless of the share buyback proposal, the outlook is basically bearish.

For instance, the bears might retain this benefit except optimism burns the tokens they purchased again. BNB’s quarterly burn helped the token’s value soar to new highs.

Within the brief time period, post-vote positive aspects may push the worth as much as $0.52.

Because the day by day chart above exhibits, the 50-day and 200-day exponential transferring averages (presently) act as provide zones at $0.32 and $0.51.

If the crypto market experiences a rebound from the present downward strain, a spread of $0.60 to $0.75 may grow to be a goal.

Positive factors in Ethereum and high ecosystem tokens will gas this probably OP rebound.

Nonetheless, bearish strain means the psychological $1 mark stays nicely off the bottom for now.

Giant-scale token unlocks may even proceed to restrict upside, and a drop to $0.25 as a result of new draw back elements will encourage sellers.