Token

Cardano

Arbitrum

<div class="finbold">
 <p class="paragraph">Arbitrum (ARB) investors have a challenging week ahead with a possible sell-off of over $2 billion in its token. This is part of Arbitrum’s unlocks from the Genesis distribution, summing up to the usual proof-of-stake (PoS) issuance.</p>
 <p class="paragraph">On March 16, vesting contracts will release 1.11 billion ARB worth $2.06 billion at press time prices. Finbold retrieved this data from <em>TokenUnlocksApp</em> on March 15.</p>
 <p class="paragraph">Notably, this is one of the platform’s largest single unlocks ever registered. Arbitrum also dominates the total cliff unlocks of $2.39 billion for the next seven days by over 76.6%.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Cryptocurrencies under $1 to buy next week <span class="self-center text-xs text-slate-500">15 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    This Cardano competitor is ‘waking up,’ threatens bullish breakout at $80&nbsp; <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    How much is the creator of Ethereum <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a>? – Vitalik Buterin's net <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> revealed <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Ripple v. SEC case update: Timeline revealed for crucial XRP briefing <span class="self-center text-xs text-slate-500">4 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <figure class="wp-block-image size-full"><img decoding="async" width="988" height="482" src="https://cdn.thebittimes.com/images/2024/03/15/1b8c22e127fcb2c5cb1f7f32ad9a889e.webp" alt class="wp-image-161391" srcset="https://cdn.thebittimes.com/images/2024/03/15/1b8c22e127fcb2c5cb1f7f32ad9a889e.webp 988w, https://cdn.thebittimes.com/images/2024/03/15/1b8c22e127fcb2c5cb1f7f32ad9a889e.webp 300w, https://cdn.thebittimes.com/images/2024/03/15/1b8c22e127fcb2c5cb1f7f32ad9a889e.webp 768w" sizes="(max-width: 988px) 100vw, 988px">
  <figcaption class="wp-element-caption">
   Cliff <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>s next 7D: Arbitrum (ARB). Source: <em>TokenUnlocksApp</em>
  </figcaption>
 </figure>
 <p class="paragraph">In particular, this massive <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a> amounts to 87% of Arbitrum’s current circulating supply of 1.275 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> ARB. Effectively, it will nearly double ARB’s capitalization of $2.38 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a>, according to <em>CoinMarketCap</em>.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="121" src="https://cdn.thebittimes.com/images/2024/03/15/4ce32cf5642196d10c5d28c457748f2c.webp" alt class="wp-image-161393" srcset="https://cdn.thebittimes.com/images/2024/03/15/4ce32cf5642196d10c5d28c457748f2c.webp 1024w, https://cdn.thebittimes.com/images/2024/03/15/4ce32cf5642196d10c5d28c457748f2c.webp 300w, https://cdn.thebittimes.com/images/2024/03/15/4ce32cf5642196d10c5d28c457748f2c.webp 768w, https://cdn.thebittimes.com/images/2024/03/15/4ce32cf5642196d10c5d28c457748f2c.webp 1536w, https://cdn.thebittimes.com/images/2024/03/15/4ce32cf5642196d10c5d28c457748f2c.webp 1610w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Arbitrum (ARB) market data. Source: <em>CoinMarketCap</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-arbitrum-token-sell-off-distribution">Arbitrum token sell-off distribution</h2>
 <p class="paragraph">As for the distribution, the ‘Team,’ the ‘Future Team,’ and ‘Advisors’ will receive 60.5% of this year’s half <a rel="noopener noreferrer nofollow" title="unlock" href="https://thebittimes.com/tag/unlock.html">unlock</a>. After March 16, these entities will be able to liquidate 673.5 million ARB, currently <a rel="noopener noreferrer nofollow" title="worth" href="https://thebittimes.com/tag/worth.html">worth</a> $1.25 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a>.</p>
 <p class="paragraph">Furthermore, ‘Investors’ will receive 438.25 million ARB, worth $810.76 million, according to <em>Token Unlocks</em>.</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="678" height="384" src="https://cdn.thebittimes.com/images/2024/03/15/4f7bd7a1dbdca36e0f49dbc34d758707.webp" alt class="wp-image-161396" srcset="https://cdn.thebittimes.com/images/2024/03/15/4f7bd7a1dbdca36e0f49dbc34d758707.webp 678w, https://cdn.thebittimes.com/images/2024/03/15/4f7bd7a1dbdca36e0f49dbc34d758707.webp 300w" sizes="(max-width: 678px) 100vw, 678px">
  <figcaption class="wp-element-caption">
   March 16, ARB unlock distribution. Source: <em>TokenUnlocksApp</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="arb-price-analysis">ARB price analysis</h2>
 <p class="paragraph">In the meantime, ARB is trading at $1.89 per token, as per <em>TradingView</em>’s crypto index by press time. Arbitrum has seen increased demand due to the popularization of layer-2 solutions for the Ethereum Web3 ecosystem. Now, it trades in a consolidation range in the daily chart.</p>
 <p class="paragraph">Nevertheless, such a massive token unlock and possible sell-off could deeply impact its performance. Thus, testing the $1.0 psychological resistance is possible in the next week as things develop for Arbitrum.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="661" src="https://cdn.thebittimes.com/images/2024/03/15/4f6d068d1fbe6563fad471323f53c2e1.webp" alt class="wp-image-161397" srcset="https://cdn.thebittimes.com/images/2024/03/15/4f6d068d1fbe6563fad471323f53c2e1.webp 1024w, https://cdn.thebittimes.com/images/2024/03/15/4f6d068d1fbe6563fad471323f53c2e1.webp 300w, https://cdn.thebittimes.com/images/2024/03/15/4f6d068d1fbe6563fad471323f53c2e1.webp 768w, https://cdn.thebittimes.com/images/2024/03/15/4f6d068d1fbe6563fad471323f53c2e1.webp 1536w, https://cdn.thebittimes.com/images/2024/03/15/4f6d068d1fbe6563fad471323f53c2e1.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   ARB/USD daily chart. Source: <em>TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">ARB investors and cryptocurrency traders must speculate with caution in the following days. The crypto market is volatile and unpredictable, moved by whales and market makers looking for the highest possible profits.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/massive-sell-off-alert-arbitrum-to-unlock-2-billion-worth-of-arb-tbt82631.html">https://thebittimes.com/massive-sell-off-alert-arbitrum-to-unlock-2-billion-worth-of-arb-tbt82631.html</a></p>

Massive sell-off alert: Arbitrum to unlock $2 billion worth of ARB

Table of Contents

TheBitTimes

Other articles published on Mar 15, 2024

AI4Bharat Introduces IndicLLMSuite to Foster Indian Language Models

SEC busts CryptoFX for running $300M Ponzi scheme

Dogecoin Price Prediction: As DOGE Plummets 11%, Enter New ICO Dogecoin20 With $250K Raise In A Day

FLOKI Gains Traction as Thena Protocol Adds Liquidity Pool, Memecoins Resilient

xMoney (UTK) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Trader Takes $1.65M Profit On 'Shiba Inu Killer' Dogwifhat, But Keeps 75%: 'Hanging On As Much As...

Join our free newsletter for daily crypto updates!