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According to the official Twitter, Arbitrum has announced that they will release initial token distribution to eligible DAOs in the ecosystem this week.

Just a little over 30 days after its token distribution, Arbitrum's created accounts surpassed the landmark. More growth may come in as the value of a certain AIDOGE has been increasing.

The Lido DAO community will vote on accepting the Abitrum airdrop and use the requested ARB token as an emission reward to incentivize the use of staking ether (wstETH) throughout the Arbitrum ecosystem.

Two large cryptocurrency investors have recently divested substantial holdings on the native token of Ethereum scaling solution Arbitrum, $ARB, after the price of the cryptocurrency was airdropped to investors and saw its value surge over 250%.

Alongside the rest of the crypto market, Arbitrum, a layer-two scaling solution for Ethereum, has surged by 44% in the past week, reaching major highs. Though the surge can be attributed to the ubiquitous uptrend in the market, the massive whale buying of the token appears to be a contributor to its bullish trend.

Arbitrum, a popular Ethereum layer 2 scaling solution, has recently reached a significant milestone, with over 5 million wallet addresses, 4 million active accounts, and almost 200 million transactions processed since its inception. This remarkable expansion can be attributed to several factors, including the platform's robust development cycle and the buzz generated by its March 23 airdrop event.

A new proposal would see Lido accept its $1.2 million in ARB tokens and reward them to liquidity providers in wrapped staked ether pools.

Arbitrum Price Prediction: On April 13th, the Arbitrium coin price gave a bullish breakout from a resistance trendline which undermined bullish growth for nearly three weeks. Thus, a shift in market sentiment attracted significant inflow, recording a 50% jump from the last swing low of $1.15.

The crypto sphere is no stranger to explosive growth, and the latest contender garnering attention in the market is the Arbitrum token (ARB). With the DeFi sector currently gaining momentum following Ethereum's successful breakout above $2K, layer 2 scaling solutions are becoming increasingly essential.

Arbitrum (ARB) had a rough couple of weeks following its community airdrop that saw around 1 billion tokens airdropped to active participants on the layer 2 blockchain. However, there is already a turn in the tide as the crypto market has recovered and ARB has emerged as one of the strongest performers in the space.

As of the end of April 10 – 17 week, there are 23 whale wallets that hold over $1 million Arbitrum (ARB) tokens, according to data shared by on-chain sleuth @lookonchain. Whales have been buying or selling ARB tokens throughout the last week, as the numbers lookonchain shared demonstrate.

ARB is trading at $1.78, up 9.9% on the day and 44% in the past week.

The cryptocurrency community has recently been rattled by yet another rug pull, this time involving a Shiba Inu look-alike token called ArbShibAI on the Arbitrum network. The deployer of the token removed the liquidity, causing a significant loss for investors.

The crypto space continues to remain stuck within a narrow range as the global market capitalization witnesses a slight jump of 0.5% to rise beyond $1.27 trillion. Meanwhile, the trading volume of the crypto space also underwent a slight jump of 4.71% and now stands at $44.78 billion.

A popular analyst is unveiling his breakout targets for a small group of altcoins including Binance Coin (BNB) and Chainlink (LINK). In a new strategy session, pseudonymous analyst Altcoin Sherpa says that he's keeping a close watch on Binance Coin, the utility token of the world's largest crypto exchange.

Arbitrum (ARB) is seeing a steady twist to its growth amid growing hype in its community following the airdrop that ushered in the protocol as a highly functional Layer 2 network. At the time of writing, Arbitrum's total registered wallet addresses have surpassed five million, and the ARB token is trading at $1.7588, up by more than 9% in the past 24 hours.

We will look in detail at the price movement and market statistics, including a consideration of recent news affecting the future price of the tokens.

Layer-2 scaling solution for Ethereum Arbitrum (ARB) has gained a big number of users since its first airdrop last month.

The milestone was accomplished less than one month after a much-anticipated airdrop.

With multiple Layer 2 solutions fighting for the top spot, zkSync and Arbitrum have been showing the most growth. Polygon and Optimism fall behind as other protocols start to take the lead.

The crypto markets appear to have begun consolidating after being largely bullish for over a week. The bulls are currently relaxing as they have been drained after lifting the global market capitalization to $1.28 trillion. Presently, the levels have plunged to $1.

The Arbitrum community is voting on two proposals to expand the supervision and governance power of ARB token holders.

A proposal seeking the return of 700 million ARB governance tokens to Arbitrum's DAO treasury was rejected after receiving only 14.5% of the total votes. The proposal called for the foundation to return the tokens as a symbolic gesture to demonstrate the DAO's control over the governance holders.

In a surprising move, the largest buyer of ARB tokens on the first day of listing, a mysterious whale, has transferred all 9.94 million ARB tokens, now worth $17 million, to Binance, reports Lookonchain. The transfer, which is usually associated with an intention to sell, comes after the price of the Arbitrum token surged by 40% in the last week, making it the third most profitable cryptocurrency of the week among the top largest cryptocurrencies in terms of market cap, according to CoinMarketCap.