Opera is pursuing a stake of 160 million CELO tokens to establish itself as a key participant in the Celo network, according to reports circulating in the crypto community. The move signals Opera's intention to become a significant validator and stakeholder in the proof-of-stake consensus mechanism governing the layer-1 blockchain.
The announcement triggered an immediate market response, with CELO surging 15 percent following the news release. The price rally reflects investor optimism about institutional validation participation and Opera's commitment to the Celo ecosystem, which focuses on mobile-first financial inclusion.
Opera's validator entry represents a vote of confidence in Celo's network security and long-term viability. By acquiring such a substantial stake, Opera gains governance influence and staking rewards while helping to further decentralize the network's validator set. The development underscores growing institutional interest in securing positions within established blockchain networks beyond Bitcoin and Ethereum.