Arbitrum

<ul class="news-points"> 
 <li>Top receivers of the ARB DAO airdrop continue to hold 70% of the tokens.&nbsp;</li> 
 <li>The value of the airdropped token soared in the past day by $7M as ARB hit a new ATH.&nbsp;</li> 
 <li>ARB currently sells at $2.28 apiece, a slight drop from the recently recorded ATH of $2.38.</li> 
</ul> 
Top beneficiaries of the Arbitrum DAO airdrop continue to hodl the majority of the tokens they received over eight months ago, on-chain data analytics platform SpotOnChain reported.&nbsp; 
In a <a href="https://twitter.com/spotonchain/status/1745353882283507924" target="_blank" rel="nofollow">post</a> on social media platform X (formerly Twitter), the data tracker noted that four of the ten airdrop receivers still hold 70% of the tokens they received. Currently, the tokens held by the accounts sum up to 15.74M ARB, worth around $35M at current market prices.&nbsp; 
Meanwhile, at the time of SpotOnChain’s report, ARB’s value was on an upward climb. In that period, the token hit a new all-time high of $2.38 following a 23% increase. According to SpotOnChain, the sporadic rise in ARB’s price saw the worth of the tokens held by the DAOs increase by $7.08 million. 
However, the upward trend has since cooled, data from <a href="https://coinmarketcap.com/currencies/arbitrum/" target="_blank" rel="nofollow">CoinMarketCap</a> reveals. At the time of press, the token is exchanging hands at $2.28, up 19.60% in the …
The post <a href="https://coinedition.com/arb-top-airdrop-receivers-continue-to-hodl-tokens-value-jump-by-7m/">ARB Top Airdrop Receivers Continue to Hodl: Tokens’ Value Jump by $7M</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

ARB Top Airdrop Receivers Continue to Hodl: Tokens’ Value Jump by $7M

Coin Edition

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