Token

Giant

Shiba Inu

Percent

The cryptocurrency market will witness a rare unlocking event. 
Arbitrum (ARB), one of the most well-known Ethereum layer 2 projects, will have a highly charged token unlock event on Saturday, March 16, 2024. 
The token lock opening event in question will take place at 16:00 UTC+3 Turkey time. 
1.11 billion ARB will be unlocked, which is an impressive 76.62% of the circulating supply. It is noteworthy that the altcoins to be unlocked are worth 2.38 billion dollars at the exchange rate at the time this article was written. Arbitrum's total market value currently hovers around $2.7 billion. 
Related News: <a href="https://en.bitcoinsistemi.com/prominent-analyst-evaluates-shiba-inu-shib-reveals-the-point-where-he-claims-the-rally-will-begin/" target="_blank" rel="dofollow">Prominent Analyst Evaluates Shiba Inu (SHIB): Reveals the Point Where He Claims the Rally Will Begin</a> 
It is also important to note that this token unlocking event that the altcoin will experience will take place soon with another important event in the same week. The Dencun update, which will take place on the Ethereum network and will especially affect layer 2 projects, will take place on March 13. This update is expected to significantly reduce transaction fees on layer 2 projects like Arbitrum and increase the efficiency of the network. 
Of the ARB tokens to be unlocked, $937 million will be distributed to pre-determined selected investors, and $1.44 billion will be distributed to altcoin developers and advisors. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/next-week-in-one-of-the-top-100-altcoins-a-giant-token-unlocking-will-take-place-corresponding-to-76-percent-of-the-supply-in-circulation/">Next Week In One Of The Top 100 Altcoins, A Giant Token Unlocking Will Take Place, Corresponding To 76 Percent Of The Supply In Circulation</a>

Next Week In One Of The Top 100 Altcoins, A Giant Token Unlocking Will Take Place, Corresponding To 76 Percent Of The Supply In Circulation

Bitcoin Sistemi EN

Other articles published on Mar 10, 2024

Harga BNB Meroket ke Tertinggi 2 Tahun, Ini Faktor Pendorongnya

Advanced Email Attack Targets Organizations Worldwide, Threatens NTLM Hash Theft

This Cryptocurrency Is Getting More Searches Than Cardano (ADA), and Avalanche (AVAX) – NO, it’s ...

Here’s what’s going on with Bitcoin, Ethereum, and the S&P 500

Crypto price prediction: BitBot, BabyBonk, Cryptex Finance

Digital Marilyn Monroe Debuts at SXSW: A Realistic Encounter with an AI-Generated Icon

Join our free newsletter for daily crypto updates!