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>
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 <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

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