The value of the CELO token surged by approximately 15% after the announcement of an initiative to transfer 160 million CELO tokens to Opera, the developer of the popular browser.
This is reported by Finway
Opera Could Become One of the Largest Stakeholders in Celo
The Celo project team proposed changing the collaboration model with Opera. Previously, the company received quarterly cash payments, but now it may be granted a one-time transfer of 160 million CELO tokens from the undistributed treasury to a special wallet under its control. If this proposal is approved, Opera will change its status from a distribution partner to a long-term stakeholder in the Celo ecosystem.
These 160 million CELO tokens represent about 16% of the maximum supply of 1 billion tokens and approximately 27% of all tokens currently in circulation. At the same time, Opera will only be able to use 10% of the staked CELO for voting purposes, and the restriction may only be lifted in critical situations.
“The new collaboration format aims 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.”
Change in Collaboration Model and Impact on the Ecosystem
The authors of the initiative emphasize that the new model will reduce the burden on the Celo governance system, as the parties will forgo regular funding requests in favor of a one-time transfer of a fixed amount of tokens. If the decision is positive, Opera will become one of the largest stakeholders in the Celo network.
In light of this news, the CELO price rose by 15%, but later retraced and as of March 2026, it is trading at $0.082.
Earlier, in early March 2026, a similar surge was observed with the OKB token — its price jumped by more than 50% following ICE’s investment in OKX.