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Arbitrum's Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop – Bitcoin News

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Arbitrum's ARB token has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000.

Arbitrum's Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop

ARB’s overall market valuation is $1.58 billion, and 24-hour trading statistics show a range from $1.19 to $1.39 per unit of ARB over the last day. Data from Dune Analytics indicates that 968.71 million of the 1.275 billion ARB tokens have been claimed so far, accounting for 83.4% of the claimable tokens on March 25.

Exchanges that hold a significant amount of ARB include Bybit, Kucoin, Mexc Global, and Bitget, as all four exchanges have addresses within the top 25 largest ARB holders. Two days ago, on March 23, ARB reached both an all-time high and an all-time low on the same day.

 

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Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85% – Market Updates Bitcoin NewsOn Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices. How much of this was from DAOs dumping their share? It looks like the Arbitrum airdrop has caused some market volatility. Now is a good time to evaluate your investments and make sure you're making the best decisions for your portfolio.
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