The value of the CELO token increased by approximately 15% following news of a potential transfer of 160 million tokens to Opera. This proposal was recently announced by the Celo team, the developer of the eponymous blockchain ecosystem. The document outlines a change in the format of cooperation between the parties — instead of regular cash payments, Opera may receive a significant amount of CELO tokens in a one-time transfer.
This is reported by Business • Media
Opera Could Become One of the Largest Stakeholders in Celo
If this initiative is approved, Opera will receive tokens directly from Celo’s undistributed treasury to its own wallet. This will allow the company to transition from being a distribution partner to a long-term stakeholder in the network. It is noted that 160 million CELO represents about 16% of the maximum token supply and approximately 27% of the amount currently in circulation.
Under the terms of the proposal, Opera will be able to participate in votes with only 10% of the received staked tokens, except in emergency situations where this limitation may be lifted.
New Approach and Market Reaction
Representatives from Opera emphasized that the new collaboration model aims to strengthen the company’s interest in the development of the Celo ecosystem. Opera plans to increase its presence in the markets of Latin America and Southeast Asia, focusing on the development of Mini Apps, attracting new users, forming strategic partnerships — particularly with Tether — and launching a crypto credit card.
“The company stated that the new collaboration format is intended to solidify Opera’s interest in the long-term development of the ecosystem. According to the proposal, Opera plans to expand product distribution in Latin America and Southeast Asia, focusing on the development of Mini Apps, attracting new users, strategic partnerships (including with Tether), and launching a crypto credit card.”
The initiators are convinced that the new scheme will reduce the administrative burden on the management system, as instead of regular funding requests, the parties will move to long-term cooperation with a fixed number of tokens. If the proposal is supported, Opera will become one of the largest players in the Celo ecosystem.
In light of this news, the CELO token quickly gained about 15% in price; however, the rate later adjusted and currently stands at $0.082.
Recall that in early March 2026, the OKB token demonstrated a sharp increase of over 50% due to ICE’s investments in OKX.