Token

Arbitrum

April

Coin

<ul class="news-points">
 <li>ARB token unlock is set for April 16, with 92.65M tokens to be released, following a bearish trend.</li>
 <li>Whale activity spikes, moving $18.5M in ARB to exchanges, hinting at potential market shifts.</li>
 <li>Arbitrum advances with dApp funding, enhancing ecosystem growth amidst token volatility.</li>
</ul>
With the Arbitrum (ARB) token unlock set for April 16, the cryptocurrency community is closely monitoring the potential impacts on the token’s market dynamics. This event marks a significant milestone in Arbitrum’s roadmap, with a substantial volume of ARB tokens, approximately 92.65 million, slated for distribution to advisers, team members, and investors. This follows a series of transfers and unlocks that have influenced ARB’s market performance in recent months.
Concurrently, the ARB price has been in a bearish trend in the last 24 hours after failing to breach the $1.66 resistance. Bear’s, as a result, dipped the ARB price to an intra-day low of $1.57, where support was established. At press time, ARB was trading at $1.60, a 3.07% decline from the day’s high.&nbsp;
<img decoding="async" src="https://lh7-us.googleusercontent.com/YPuCi6bsAiJJgBiH6YajnlJErxH96ExoiWrff0tqlefDQ_2fCIkdjkU-en-sX_MnQrMCytyEJra1YQGePHBrTmwDtS_kvhknNRb9bKSOexDafPLqE2xYdhvKYzjYrIKYQbc8KA1z1PgUruJu9Sv9rAQ" width="602" height="469">ARB/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/arbitrum/" target="_blank" rel="noopener noreferrer nofollow">CoinStats</a>)
During the upsurge, ARB’s market capitalization fell 3.06% t…
The post <a href="https://coinedition.com/market-braces-for-arbitrum-arb-april-token-unlock-could-it-affect-the-price/" rel="noopener noreferrer nofollow">Market Braces for Arbitrum (ARB) April Token Unlock: Could It Affect the Price?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Market Braces for Arbitrum (ARB) April Token Unlock: Could It Affect the Price?

Coin Edition

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