This isn't a new release at all: I haven't worked on Olimar in about four years. However, I forgot to officially release him.
Like in the Super Smash Bros. series, Olimar relies on Pikmin to give him a decent range. He can throw purple, yellow, and white Pikmin, and he also has a red Pikmin that follows him.
Olimar has a pretty limited moveset, and its sprites were taken and edited from the other Olimar release that is much older than this one.
Download: https://www.dropbox.com/s/7c4fr9kjqd0cnzn/olimar.zip?dl=0
Video of Olimar in action: