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Following Arbitrum's token unlock event, which saw 1.1 billion ARB tokens released, whales moved $58 million worth of tokens into exchanges, leading to a price drop; however, some large whales continued to accumulate, suggesting bullish sentiment
To date, at least 11 whales have been taken, with a total value of 34 million ARB.
Arbitrum unlocked 1.1 billion tokens, worth around $2.32 billion, for its team, advisers and investors on March 16.
Arbitrum (ARB), an Ethereum-based Layer-2 scaling protocol, as it prepares to unleash over 1.1 billion tokens into the market. This event, set in motion by the protocol's vesting schedule, has sparked intense speculation about its implications for ARB's price trajectory and broader market dynamics.
Most beneficiaries acted quickly to profit from ARB's token unlock.
Arbitrum, a leading Ethereum Layer 2 scaling solution, experienced a substantial asset shift among investors after its recent token unlocking.
With the activation of the ArbOS 20 upgrade, dubbed “Atlas,” Arbitrum has ushered in a new era of reduced transaction costs and heightened efficiency. At the heart of this upgrade lies the implementation of blobs, a novel approach to data processing that promises to streamline operations while significantly lowering associated costs.
This update comes from the crypto analytics platform Messari, which reports that Arbitrum will unlock precisely 1,111,750,000 ARB tokens, representing 11.2% of its total allocation, during the Token Generation Event (TGE). Arbitrum Token Unlock Details and Market Dominance In the upcoming token unlock event, the Offchain Labs team and advisors are slated to receive 673,500,000 ARB tokens, representing approximately 6.74% of the total tokens allocated during the Token Generation Event (TGE).
Ethereum-based Layer-2 (L2) scaling protocol Arbitrum (ARB) is set to unlock more than 1.1 billion tokens in line with its vesting schedule. According to an update from the crypto analytics platform Messari, Arbitrum is set to unlock exactly 1,111,750,000 ARB or 11.2% of its total allocation to vesting schedules at the Token Generation Event (TGE).
Arbitrum's Atlas upgrade has been activated, adding support for Ethereum Dencun and targeting a 10-fold reduction in layer 2 base fee.
Recent developments suggest otherwise. Despite the substantial influx of tokens set to hit the market, bullish sentiment prevails among investors.
TL;DR Arbitrum will unlock over $2 billion in ARB tokens, which could spark a huge sell-off. The unlock represents 87% of ARB's current circulating supply. Cryptocurrency investors and traders should be cautious about the possibility of a drop in ARB price.
Arbitrum (ARB) investors have a challenging week ahead with a possible sell-off of over $2 billion in its token. This is part of Arbitrum's unlocks from the Genesis distribution, summing up to the usual proof-of-stake (PoS) issuance.
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TL;DR The Dencun upgrade introduces EIP-4844, promising to reduce transaction costs on Layer 2 chains. Offchain Labs implements EIP-4844 on Arbitrum with the ArbOS 20 “Atlas” update to reduce transaction costs on the network.
Despite the large number of tokens set to be released, market players are sticking to the bullish side.
At the heart of this momentous event lies the release of 1.11 billion ARB tokens, representing a substantial portion of the token's circulating supply. This release is set to unlock value worth $2.26 billion, making it one of the largest token unlocks in the history of cryptocurrency.
Offchain Labs implements EIP-4844 on Arbitrum, unleashing blobs on the popular Ethereum Layer 2.
The Dencun upgrade has led to heightened volatility for Layer-2 tokens.
The foundation behind the Arbitrum blockchain wants to create a robust ecosystem full of new video games.
Offchain Labs has successfully launched the Atlas upgrade within the Arbitrum ecosystem. This update signifies significant progress in the quest to minimize transaction costs on Ethereum Layer 2 solutions.
Since the Dencun upgrade, L2s have already seen a decline in transaction fees.
Arbitrum developers will reduce the cost of layer-2 transactions by 10 times, with gas fee reductions going live on March 18.
Arbitrum has successfully implemented the update called "Atlas", which introduces the use of blobs.
