--- title: "Optimism (OP) price and news" language: en canonical: "https://whycoinmoves.com/en/coins/optimism" --- # Optimism (OP) price and news Sampled market data; prices and returns do not verify news or establish causation. - Price: $0.11372; 24h: +10.27% - Market source / sampled at (UTC): Gate · USDT / Oct 31, 2026, 07:15 - Events received in 30 days: 0 ## What may be driving the move A reported Optimism Foundation proposal to return ETH fees to partners is the clearest plausible catalyst. OP’s move was not explained by a broad market rise: Bitcoin fell and tracked coins were mixed. - trigger · medium: Reports described an Optimism Foundation proposal for ETH fee rebates to OP Mainnet partners at Oct 31, 01:48 UTC and Oct 31, 02:07 UTC. The prospect of returning fees could have improved expectations for the ecosystem and supported OP. Evidence gap: The proposal’s details and market reaction are not independently verified here, and the move’s onset is unknown. Sources: [S13](), [S12]() - amplifier · low: Open interest in coin units rose over the measured 24 hours, and buyer-initiated volume share was slightly higher than in the prior period. These conditions could have amplified an upward move, but do not establish directional positions or liquidation-driven buying. Evidence gap: Open interest does not show whether positions were long or short; liquidation timing is unavailable. Sources: [S8](), [S9]() Open question: The move’s onset is not established, so it is unclear whether the proposal preceded and sparked the buying or was reported after it began. Analysis generated: 2026-10-31T06:55:13.000Z; evidence window: 2026-10-30T06:54:58.000Z → 2026-10-31T06:54:58.000Z. ## Why is Optimism up 10.3% today? Normal short-term fluctuation 5m: -0.80%; Few comparable core coins moved as far in the same direction; Gate · USDT; Oct 31, 2026, 07:15 UTC. - Versus the past month: 1 of the past 29 days rose further; +12.06% in the 24 hours to Oct 31, 2026, 07:00 UTC, 4.4× a typical day (2.7%). - 30-day range: 28.9% below the high · 23.3% above the low; From hourly highs and lows on the same venue - Other tracked coins: 4 of 10 others also rose 4.0% or more; 6 fell that much - 24h volume: 1.6×; of its prior 30-day daily average - Where it traded: BloFin 25% · Binance 10% · OKX 5% - Perpetual swap: funding positive · open interest rising; OKX perpetual swap OP-USDT-SWAP Figures run to Oct 31, 2026, 07:00 UTC (OKX · USDT hourly candles). ## Other notable moves today - [Hyperliquid (HYPE) -5.34%]() · Oct 31, 2026, 07:00 UTC ## Prior 30-day hourly baseline - Coverage: 100.0% (720/720) - Median absolute hourly return: +0.60% - 99th percentile of absolute hourly returns: +3.56% - BTC beta: 2.07 - Source / cutoff (UTC): OKX · USDT / Oct 31, 2026, 07:16 Hourly statistics cannot be compared directly with minute moves. Missing or stale baselines are not estimated. ## Recent publication-ready events and observed returns Returns start after site detection. Each linked event records its actual sampled intervals, venue, quote currency and news sources. Missing windows remain unavailable; publisher coverage is not independent verification. | Event | Evidence | 5m | 1h | 24h | 5m difference from BTC | | --- | --- | --- | --- | --- | --- | [Complete paginated archive]() [Methods and limitations]()