Arbitrum

Arbitrum (IOU)

<ul><li>Just 16% of the ARB airdrop has been claimed, according to data by Nansen analytics.</li><li>ARB token dropped by almost 90% from its IOU price and now trading in the range of $1.</li></ul>After several delays and setbacks, the long-awaited native token of Arbitrum, ARB, was released into the <a href="https://thenewscrypto.com/tag/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a> market today. The value of one Arbitrum (ARB) token has dropped by almost 90% from its IOU price and is now trading in the range of $1. Just 16% of the ARB airdrop has been claimed, according to data supplied by Nansen analytics.The official token claim launched at 13:05 UTC, at a block height of 16,890,400 on <a href="https://thenewscrypto.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum</a>. Due to the overwhelming demand, the network’s block explorer and the claim website both crashed. Notwithstanding the warning of the crash, users still get tokens from the smart contract independently.<h3 id="massive-sell-off">Massive Sell-off</h3>Furthermore, 1.16 billion <a href="https://thenewscrypto.com/arbitrum-arb-airdrop-claim-is-live/" rel="noopener noreferrer nofollow">ARB tokens</a> are part of the airdrop, representing 11.6 percent of the total supply of 10 billion tokens. In addition, another 113M tokens are available for distribution to certain decentralized autonomous organizations (DAOs) on the Arbitrum network.Moreover, as just 16% of the entire supply of Arbitrum (ARB) has been claimed and a small number of <a href="https://thenewscrypto.com/top-crypto-exchanges-listed-arbitrum-arb/" rel="noopener noreferrer nofollow">crypto exchanges</a> are responsible for the majority of the daily trading volume, the price of ARB has been prone to significant volatility.On March 19, the price of the IOU token, peaked at $14, representing a 24-hour trading volume of about $8 million. After its first airdrop, however, ARB has been subject to a massive sell-off, resulting in a 90% price drop that has brought its current value to today’s low of $1.07 and is currently trading 77% down at $1.32.

Arbitrum (ARB) Token IOU Price Crashes 90% Amid Mass Sell-off

Innehållsförteckning

TheNewsCrypto

Andra artiklar publicerade 24 mars 2023

Terraform Labs Co-founder Do Kwon Reportedly Arrested in Montenegro

Hybrid Custody on Flow – the best of app custody and self custody

Henry Chang’s 13th WEMIX Purchase Announcement

Screwdrivers, Bolts, and Some Statistics

Do Kwon Faces Fraud Charges From US Prosecutors Hours After Arrest

Forget BTC and ETH for a Moment; Don’t Miss Out on the Robo Bull Run

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!