74% ARB Token Claimed After The Hot Arbitrum Airdrop

Key Points:

• 625,143 individual Arbitrum addresses are eligible for the $ARB token airdrop.
• Currently, Smart Money’s $ARB balance (13.3 million) is higher than their total claim (12.8 million).
• With the token price hovering around $1.40 at the moment, Arbitrum’s airdrop has reached over $1.4 billion.

According to Nansen data, more than 855 million ARB token (about 74%) have been claimed after hours of fighting for Arbitrum’s huge airdrop and yesterday.

Especially 625,143 individual Arbitrum addresses are eligible for the $ARB airdrop of which 71.4% of them can claim up to 2,000 ARB, 23% can claim between 2,000 to 5,000 ARB, 4.9% can claim 5,000 to 8,750 ARB, 0.7% “Max ARB” Airdrop Recipients” can claim 10,250 ARB.

According to the announcement from Arbitrum, valid users have 185 days left to claim their tokens.

By the evening of March 23, because of the heavy traffic, both the official website Arbitrum.foundation and other claim token support sites had “stagnated” or made users “struggling” to receive the airdrop.

Another piece of data is that Smart Money’s $ARB balance (13.3 million) is higher than their total claim (12.8 million). This shows that the buying volume is larger than the selling volume, showing the expectation on the future of Arbitrum (ARB).

The long-awaited Arbitrum token hit the market on Thursday, trading at $3.99 on Uniswap as volatility spiked on decentralized exchanges.

ARB during this time also recorded “erratic” price zones when a series of large and small exchanges opened listings. On Bybit, there was a time when this token pulled a beard up to 106 USD. Meanwhile, Binance unexpectedly moved the listing schedule earlier than expected, but in general, the world’s largest exchange still “holds” ARB prices quite well in the past 11 hours.

Currently, With the token price hovering around 1.4 USD at the moment, Arbitrum’s airdrop value has reached over 1.4 billion USD.

On March 24, according to OKLink multi-chain browser data, Arbitrum: Sequencer Inbox Contract Gas consumption ranked second in the last 24 hours and consumed more than 179.03 ETH.

In addition, Arbitrum: ETH of the Sequencer inbox burned Second, with a burned amount of 178.64 ETH.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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