Here’s why OP token price is falling despite Optimism buyback approval

Optimism (OP) underperformed as risk-off sentiment hit high-beta altcoins hardest.
The buyback plan is delayed, small, and lacks immediate supply reduction.
Technical breakdown below key averages has triggered strong sell-side momentum.The Optimism (OP) token is falling even after token holders approved a long-awaited buyback plan.
At first glance, this seems counterintuitive, since buybacks are often seen as bullish for token prices.
However, the market reaction highlights the gap between long