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In a recent statement, cryptocurrency analyst Miles Deutscher unveiled his weekly watchlist, shedding light on his insights into the market's trends.
Mining marketplace Lumerin was released Tuesday on the Arbitrum network.
In a significant development for the crypto community, Arbitrum, the Ethereum scaling solution, has decided to return $56.5 million worth of unclaimed ARB tokens to the DAO treasury. This decision comes as the number of ARB holders continues to rise, showcasing the project's potential for long-term growth.
In an unexpected turn of events, Arbitrum, a prominent Ethereum Layer-2 scaling solution, found itself at the center of crypto enthusiasts' attention as it recently received a whopping $59 million in unclaimed airdrop tokens. This substantial windfall could potentially reshape the future of Arbitrum and influence the broader cryptocurrency market.
Arbitrum, a leading layer-2 scaling solution for Ethereum, has transferred unclaimed tokens from its airdrop to its treasury.
In a strategic move aimed at bolstering the Arbitrum blockchain's financial stability, the Arbitrum Foundation has successfully executed the transfer of 69 million unclaimed ARB tokens, valued at over $59 million, to the network's treasury. This decision came following the conclusion of the claim period for these tokens, which elapsed over the weekend.
Unravel the story behind Arbitrum's dip after the treasury secured $59M worth of unclaimed airdrop tokens.
The Arbitrum Foundation has officially transferred 69,448,385 unclaimed ARB AirDrop tokens to the Arbitrum DAO treasury, following a governance vote that received an overwhelming 99.96% approval from token holders.
In the realm of crafting written content, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity, in essence, gauges the intricacy woven into the fabric of text.
In a significant development in the world of blockchain and cryptocurrencies, Arbitrum, a prominent Layer 2 scaling solution for the Ethereum blockchain, has taken a strategic step by incorporating unclaimed tokens, valued at approximately $56 million, into its network's treasury. This move, announced by the Arbitrum Foundation on September 24, marks a pivotal moment for the platform and its users.
The Arbitrum Crypto Foundation recently announced the transfer of 69 million unclaimed ARB tokens, equivalent to $57 million, into the Arbitrum DAO treasury.
This decision differs from what Ethereum Layer 2 competitor Optimism did, as Optimism directly distributed unclaimed funds from its initial airdrop to eligible users. The Arbitrum Foundation has made an announcement stating that the remaining 69 million ARB tokens, worth $57 million, from the unclaimed airdrop, have been transferred to the Arbitrum DAO treasury.
The Arbitrum Foundation, which oversees the Arbitrum blockchain, has moved 69 million unclaimed (CRYPTO: ARB) tokens to the network's treasury following the conclusion of the claim period. This amount corresponds to 0.69% of the total ARB supply, which stands at 10 billion.
Roughly $59 million worth of ARB tokens were recouped by the exchange after users missed the Sept. 24 claim deadline.
The Arbitrum DAO treasury now holds 3.6 billion ARB tokens worth around $2.9 billion.
The Arbitrum Foundation, responsible for developing the Arbitrum blockchain, announced the transfer of 69 million unclaimed ARB tokens to the network's treasury. This move came after the claim period for these tokens ended over the weekend.
Six months after reward distribution, millions of ARB tokens are yet to be in the hands of the owners. Now, Arbitrum has no other option than to take this drastic decision.
The amount of unclaimed Arbitrum (ARB) tokens accounts for 0.69% of ARB's total supply of 10 billion.
Arbitrum had a great token airdrop earlier this year. Now it reignites its Odyssey again.
The Arbitrum Foundation announced that 69 million ($57 million) unclaimed ARB airdrop tokens have been swept into the Arbitrum DAO treasury.
Users had nearly six months to claim the tokens after an airdrop in March.
Arbitrum's recent resurgence in on-chain activity, driven by initiatives like Arbitrum Odyssey, may indicate a promising future for the protocol.
Fish and shrimp have increased their holdings over the last week, while whales are holding their assets. ARB's price action has continued to remain bearish.
The crypto space is massive, filled with promises of quick success and exponential gains. But for every coin that moon-shots, there are countless others that fade away.
