Arbitrum: How profit-taking had this effect on ARB's price, its holders
The primary bearish catalyst was the influx of over a billion ARB tokens into circulation.
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The primary bearish catalyst was the influx of over a billion ARB tokens into circulation.
Arbitrum (ARB), the Ethereum Layer 2 (L2) scaling solution, recently went through an unlocking event as part of its 2024 roadmap. However, the event raised concerns about how the token's price would react amid the market slowdown.
Transaction costs on Arbitrum plunge as the Layer 2 network implements a new upgrade.
Ethereum (ETH), the second-largest cryptocurrency and the world's leading smart contract platform, has achieved a significant milestone, surpassing 400,000 daily active users. This surge in user activity comes as decentralized finance (DeFi) applications, non-fungible tokens (NFTs) and other decentralized applications (dApps) continue to gain traction within the Ethereum ecosystem.
These four low-cost, high-upside cryptos are better long-term investments than meme coins.
An Arbitrum token holder has unveiled a new grant proposal to take over the renowned r/Cryptocurrency subreddit, which would cost the community nearly $788,000.
Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network's daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum's Dencun upgrade, other L2 networks such as Optimism have also witnessed an uptick in activity.
As reported by CoinGecko, ARB is currently trading at around $1.6, marking a notable 20% decrease in value over the past week. This dip comes in the wake of the token unlock, which saw an influx of ARB tokens into circulation.
Playnance introduces PlayBlock, a layer 3 ecosystem on Arbitrum Orbit designed for seamless web3 gaming without gas fees.
The Atlas upgrade, combined with the introduction of blobs, promises to make Arbitrum gas fees to be lower than $0,01.
Arbitrum price forecast: ARB, a leading layer-2 Ethereum scaling solution, has encountered a notable dip in its market value, with a bearish trend exerting significant pressure. In the last 24 hours, the cryptocurrency has experienced a sharp decline of over 7.90%, signaling intense selling activity.
Crypto whales deposited about $58 million worth of the Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB) into crypto exchanges after the project had a massive token unlock over the weekend, according to the blockchain tracker Lookonchain. Lookonchain notes that 11 whales deposited 34 million ARB into exchanges after the unlock. Arbitrum unlocked 1.
In the dynamic realm of cryptocurrencies, Arbitrum (ARB) emerges as a beacon of innovation, offering solutions to Ethereum's scalability challenges. As investors navigate the ever-changing landscape, understanding the potential trajectory of ARB becomes paramount.
Recently, Offchain Labs has effectively implemented the Atlas upgrade in the Arbitrum ecosystem to reduce transaction fees for Arbitrum network users. This was achieved by implementing blobs, a new transaction type introduced in the recent Dencun upgrade.
Ethereum's Layer-2 scaling solution Arbitrum has been undergoing some major developments recently after the token unlock last Saturday, March 16. The Arbitrum (ARB) price has corrected 25% since then and is currently trading at $1.51.
Major holders continue to accumulate ARB tokens despite market concerns about increased supply and potential sell-offs.
While the recent unlocking of ARB triggered fears of a sell-off, Lookonchain data suggests a different story. On March 18, the analytics platform showed that a mere 58 million ARB, representing only a tiny portion of the 1.1 billion tokens unlocked on March 16, were sent to exchanges by just 11 large-scale investors, commonly called “whales.
Arbitrum's ARB tanks to near year-to-date (YTD) lows amid mammoth token unlock.
On Saturday, March 16, the Layer 2 protocol Arbitrum (ARB) unlocked 1.1 billion ARB tokens as part of its 2024 roadmap. This event led to a significant decline in the native token's value, with losses of up to 18% reported over the past week.
In the ever-evolving world of cryptocurrency, significant token unlocks can ignite substantial market movements and investor responses. Arbitrum (ARB), a prominent player in blockchain technology, recently unlocked a substantial 1.1 billion tokens valued at $2.32 billion as of March 16.
Arbitrum, a prominent Layer 2 (L2) token, recently faced a significant event with the release of over a billion tokens into the market. This development has sent ripples through the cryptocurrency landscape, prompting discussions about its implications, market dynamics, and the future trajectory of Arbitrum (ARB) tokens.
Arbitrum is also scheduled to release another 92.65 million tokens on April 16, valued at approximately $155 million at the current market price.
Arbitrum (ARB), a leading Ethereum (ETH) layer-2 solution, has just launched its Atlas upgrade, marking a crucial step in lowering transaction fees and boosting network efficiency.
Arbitrum, a prominent layer-2 blockchain project, recently unlocked 1.1 billion ARB tokens, worth $2.32 billion, for its team, advisors, and investors. Following the recent token unlock by Arbitrum, whales initiate a significant movement of digital assets to exchanges, impacting market dynamics.