Key Insights

• OP’s price spiked 15% after a listing on Upbit, South Korea’s top crypto exchange.
• Trading volume surged over 225% in a show of strong market demand behind the price action.
• OP’s spot netflow reached a multi-month high, which means that capital inflows were strong.

Optimism is back in action, after registering a 15% surge in price. This rally comes on the heels of a major listing on South Korea’s largest crypto exchange, Upbit, and is supported by rising trading volume, investor interest and technical developments. 

Here’s a breakdown of what’s driving OP and what may be ahead.

Upbit Listing Triggers Optimism Price Surge

The announcement that OP would be listed on Upbit, South Korea’s leading cryptocurrency exchange, was likely what caused the recent rally. Trading for the token started with KRW, BTC and USDT pairs and quickly generated buzz among investors in one of Asia’s most active crypto markets.

$OP has been listed on the Upbit spot market (KRW) 🥂#Optimism #Op pic.twitter.com/Fj8zog4y0p

— Lórien (@Lorienss) July 28, 2025

In just 24 hours, OP’s price climbed over 13%, reaching a five-day high. At the same time, trading volume jumped to over $455 million up 225% from the previous day. 

This rise in volume shows some genuine buying pressure and market excitement, not just speculative noise.

Strong Market Demand Confirmed by Netflow Spike

A major indicator of investor interest in OP is the sudden spike in spot netflow. According to data from Coinglass, OP saw a net inflow of $9.56 million over the same 24-hour period, which was a multi-month high. That stands as a more than 1,000% increase in netflow compared to earlier days.

For context, netflow measures how much capital is entering or leaving an asset’s trading markets. A strong inflow shows that more investors are buying and holding, which can be a signal for a bullish trend. In OP’s case, it confirms that the rally isn’t based on hype alone. Instead, it is being fueled by actual demand.

Bullish Technical Structure Builds Traction

Beyond news-driven hype, OP’s price chart is also on the positive side. On the 4-hour timeframe, the token has formed a clear bullish reversal, where its higher lows now show that buyers are stepping in with confidence.

The price recently broke out of a consolidation zone that had previously limited its upside movements. Now, this area has flipped into a key support level, and is acting as a launchpad for further gains. As long as this level holds, OP’s path to higher resistance zones will remain open.

This kind of price behavior often comes before larger upward moves, especially when supported by high trading volume and positive sentiment, as we can see in this case.

Optimism Superchain Upgrade And Strong Fundamentals

Another source of excitement has been Optimism’s latest upgrade, known as Superchain Upgrade 16. This incoming fork brings important improvements to the OP platform, especially around interoperability and scalability.

It is expected to align the OP Mainnet and other Layer-2s like Base and Zora with L2Beat’s updated standards. It will also Increase gas limits to 500 million per block, and allow for more transactions amid reduced congestion.
These changes not only improve the protocol’s performance but also boost investor confidence. They show that over the long term, the Optimism network is committed to scalability.

What to Watch

Overall, while the rally looks strong, some traders are watching for a possible pullback. If demand starts to fade (especially as short-term traders take profits) OP could dip to around $0.69. 

However, if the bullish traction continues and the token breaks resistance at $0.84, it could climb toward $0.95 or even the psychological $1.00 level.

Beyond that, if OP manages to clear the $1.10 mark and hold above it, analysts expect a run to $1.30–$1.50 in the coming weeks.