Arbitrum Airdrop Unclaimed Tokens: 70 Million ARB Now Transferred To DAO Treasury
Key Points:
- 69,448,385 unclaimed ARB tokens worth $56.54M transferred to the DAO treasury.
The Arbitrum airdrop unclaimed tokens have been successfully claimed with an unclaimed amount of 69,448,385 ARB ($56.54M) transferred from the airdrop contract to the DAO treasury.
The Arbitrum airdrop has been claimed at Ethereum block 18208000. Just 30 minutes ago, an astonishing 69,448,385 ARB tokens, equivalent to $56.54 million, were transferred from the airdrop contract to the DAO treasury.
At the time of writing, Coinmarketcap reports that the price of ARB is trading at $0.81. Six months ago, CoinCu reported that on March 23, Arbitrum distributed its governance token with the ticker ARB to its community members, a significant step towards complete decentralization.
Technical Issues and Sell-Off
The ARB token’s release and airdrop were highly anticipated, but the launch faced an issue during the first hour. Arbitrum’s official airdrop page experienced problems as a surge of users attempted to claim their tokens simultaneously.
Some persevering users resorted to alternate methods like Arbiscan. With a substantial number of Arbitrum tokens airdropped, a massive sell-off of ARB tokens ensued shortly after the successful token unlock.
ARB’s value plummeted from over $10.29 to as low as $1 on the Kucoin platform. Similarly, on ByBit, the cryptocurrency started trading at $7.50 but quickly dropped to $1.5 within minutes.
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.
Author
Airdrop
Arbitrum Airdrop Unclaimed Tokens: 70 Million ARB Now Transferred To DAO Treasury
Key Points:
- 69,448,385 unclaimed ARB tokens worth $56.54M transferred to the DAO treasury.
The Arbitrum airdrop unclaimed tokens have been successfully claimed with an unclaimed amount of 69,448,385 ARB ($56.54M) transferred from the airdrop contract to the DAO treasury.
The Arbitrum airdrop has been claimed at Ethereum block 18208000. Just 30 minutes ago, an astonishing 69,448,385 ARB tokens, equivalent to $56.54 million, were transferred from the airdrop contract to the DAO treasury.
At the time of writing, Coinmarketcap reports that the price of ARB is trading at $0.81. Six months ago, CoinCu reported that on March 23, Arbitrum distributed its governance token with the ticker ARB to its community members, a significant step towards complete decentralization.
Technical Issues and Sell-Off
The ARB token’s release and airdrop were highly anticipated, but the launch faced an issue during the first hour. Arbitrum’s official airdrop page experienced problems as a surge of users attempted to claim their tokens simultaneously.
Some persevering users resorted to alternate methods like Arbiscan. With a substantial number of Arbitrum tokens airdropped, a massive sell-off of ARB tokens ensued shortly after the successful token unlock.
ARB’s value plummeted from over $10.29 to as low as $1 on the Kucoin platform. Similarly, on ByBit, the cryptocurrency started trading at $7.50 but quickly dropped to $1.5 within minutes.
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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