2 years ago
Arbitrum’s recently airdropped token ARB terms dropped by astir 90% to $1.20 arsenic investors rapidly dumped their token, according to CryptoSlate’s data.
During the archetypal hr of its claim, the ARB token traded for $3.99 connected decentralized speech (DEX) Uniswap and supra $5 connected centralized exchanges similar KuCoin, Kraken, and OKX. During the period, the token’s trading measurement was implicit $20 million, according to CoinGecko.
On-chain sleuth Lookonchain identified 1 trader that sold 800 ARB for implicit $3,600 — it means this trader sold astatine an mean terms of implicit $4. The crypto expert added that this could “possibly [be] the highest selling price.”
ARB prices tin beryllium expected to beryllium volatile during these aboriginal hours of its assertion arsenic much eligible users assertion their airdrop.
Arbitrum’s website concisely crashed
Arbtrum’s website temporarily crashed nether a dense server load due to the fact that thousands of radical were simultaneously trying to assertion their airdrops.
The layer-2 web had anticipated this contented erstwhile it announced the airdrop. The task reminded eligible users that they inactive had six months to assertion their tokens. “Gas fees volition beryllium rather high, and determination volition beryllium server congestion,” it added.
The assertion leafage was backmost online astatine the clip of writing.
Besides the authoritative website, Arbiscan — a information aggregation level for the layer2 web — besides concisely went down owed to the dense load.
Over 300 cardinal tokens claimed
Blockchain analytical steadfast Nansen’s dashboard shows that implicit 160,000 addresses person claimed over 300 cardinal ARB tokens arsenic of property time. This represents 27% of the airdrop proviso for idiosyncratic web users.
Arbitrum Token Claimed (Source: Nansen)The fashionable layer2 solution had seen an uptick successful its fig of transactions and addresses arsenic the assemblage anticipated the accomplishment of its ARB token.
The station Over 300M Arbitrum ARB tokens claimed; terms plunges 90% appeared archetypal connected CryptoSlate.
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