Token

Arbitrum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/arbitrum-braces-for-major-token-release">Arbitrum Braces for Major Token Release</a><br></p>
<p style="text-align: justify"> A pivotal moment awaits the Arbitrum (ARB) network as it gears up for a substantial token release that could send shockwaves through its market price. The altcoin, known for its scalability solutions, is poised to increase its circulating supply significantly, leading to potential volatility in the days ahead. </p> 
<h2 id="imminent-token-influx">Imminent Token Influx</h2> 
<p style="text-align: justify"> This Saturday, Arbitrum will release 1.11 billion ARB tokens, valued at roughly $2.1 billion and constituting about three-quarters of its current circulating supply. This influx includes a hefty distribution of 675 million tokens to the team and advisors, while investors will receive the remaining share. </p> 
<p style="text-align: justify"> The event marks the beginning of a phase of rapid supply growth. By the end of 2024, the total circulating supply is projected to hit 3.7 billion tokens, effectively tripling the current supply in just nine months. The ARB market cap will need to increase significantly to maintain its current unit price in the face of this influx. </p> 
<h2 id="market-value-challenges-price-projections">Market Value Challenges &amp; Price Projections</h2> 
<p style="text-align: justify"> Currently trading at $2.07, ARB’s value struggles to stay above the $2.15 mark. Its price performance in the coming period will depend on a complex interplay between the token supply surge and prevailing market dynamics. An increase in total value locked within its network has not yet translated into a sustainable price hike. </p> 
<p style="text-align: justify"> The impending token release could pressure the coin’s value downward, especially if overall market sentiment weakens. Analysts speculate that ARB’s price might retract to as low as $1.06 if the market response is negative. However, the future remains uncertain, with the potential for a positive turn if the team takes strategic measures to counteract the supply increase, much like DYDX’s last-minute postponement tactic.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/arbitrum-braces-for-major-token-release">Arbitrum Braces for Major Token Release</a></h5>

Arbitrum Braces for Major Token Release

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