 No accurate naming citation was given for this asteroid in "The Names of the Minor Planets".The author of the "Dictionary of Minor Planets", Lutz Schmadel, learned about the naming circumstances from Nikolai Chernykh (1931–2004), a prolific long-time astronomer at Nauchnij, Crimea.In the SMASS classification, "Olympiada" is an X-type asteroid.