OPN debuted at a $450 million valuation but is dropping steadily amid airdrop selling pressure.
Opinion, a prediction market built on BNB Chain, launched its native OPN token earlier today with an airdrop for early users.
OPN is currently trading at a $350 million valuation, down around 20% from its launch price, according to Coingecko. The token is facing heavy selling pressure, likely from airdrop recipients, and has already generated nearly $150 million in trading volume.
Most of the activity is concentrated on Binance, which listed OPN on its spot markets with trading rewards. The token has also been listed by Bybit, MEXC and various other centralized exchanges, with Coinbase set to launch perpetuals.
Launched in October 2025, Opinion is the third-largest prediction market by volume after Kalshi and Polymarket, according to data from Artemis. However, it’s worth noting that the validity of its data has come under scrutiny after it reported a whopping $8 billion in January volume.
A month ago, Opinion raised $20 million in a pre-Series A round that included Hack VC, Jump Crypto, and Primitive Ventures.