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Why Opera Wants 160 Million $CELO Tokens and What It Means for CELO Price
Browser giant Opera (NASDAQ: OPRA) is proposing to receive 160 million CELO tokens, replacing its existing cash-based partnership deal with the Celo network.
Why this matters:
→ 160M CELO = 16% of CELO's max supply (1 Billion)
→ This would make Opera one of the largest CELO stakeholders
→ Opera's MiniPay wallet already has 13M+ wallets and 360M+ transactions on Celo
→ Celo is currently the #1 Ethereum L2 by daily active users (700K+ DAUs)
The proposal still needs approval through Celo's onchain governance vote.
If approved, a Nasdaq-listed company holding 16% of a network's total supply is extremely rare in crypto. This signals deep long-term conviction from Opera in Celo's stablecoin infrastructure.