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During the course of the weekend, members of the Arbitrum cryptocurrency community were subjected to panic calls and widespread FUD about the recently launched ARB token. This came about as holders of Arbitrum speculated that the Arbitrum Foundation had recently sold a significant amount of the coins, thus largely affecting ARB's price.
Arbitrum, a layer 2 blockchain that airdropped over 1 billion ARBK tokens to its community in March, has been the subject of negative news over the weekend. The Arbitrum Foundation came under fire for spending tokens without the approval of its holders, sparking Fear, Uncertainty, and Doubt (FUD) for the asset.
According to reports, the Arbitrum Foundation had started selling ARB tokens for stablecoins before the governance voting had approved the sale. Ratification Or Request?
Following a noisy uprising by holders of its ARB token, the Arbitrum Foundation said late Sunday that it will split a contentious governance package into a number of separate votes in response to community demand. The Community Lead, identified in Discord as Eli Defi, said, “AIP-1 is too lengthy and covers too many areas.
The project's DAO will rework a contentious proposal to send 750 million ARB tokens to the Arbitrum Foundation after community backlash.On-chain data showed that the foundation sold 10M ARB tokens to supposedly fund pre-existing contracts and to pay for near-term operating costs.The sale sparked outrage as the Arbitrum community had not voted in favor of the AIP-1 proposal when the foundation sold tokens. Ethereum L2 scaling protocol Arbitrum plans to redraft a governance proposal meant to allocate $1 billion in ARB tokens to a foundation after the project's community voiced concerns regarding decentralization over the weekend.
Arbitrum, a popular scaling solution for Ethereum, experienced a major setback when two large addresses sold 3.73 million ARB tokens, resulting in a significant loss of over $400,000. The dump came at a time when the Arbitrum Foundation's token allocation process had already generated a maelstrom of controversy, and the market was bracing for the worst.
Ethereum Layer 2 governance platform Arbitrum Foundation has spoken out following the community FUD from its controversial ARB sale.
A recent report reveals that two top Arbitrum (ARB) whales incurred a whopping loss above $400,000 from a recent token sale.
Arbitrum ARB token falls 5% as community criticizes Arbitrum DAO's first governance proposal.
Arbitrum, in a recent announcement, revealed it was retracting from its proposing vote for governance. This came after the vote received much criticism from the community.
Leaving aside what happened on launch day, the initial price good enough to be taken as a reference would seem to be $1.4, which is the price it had stabilized on after the very strong initial rise and fall due to a lack of supply.
With Unbound, Uniswap V3 LPs can borrow Unbound's stablecoin, UND, interest-free, secured against their concentrated liquidity positions.
The Arbitrum team issued a clarification stating that the proposal was a ratification and not a request.
Two giant whale addresses have reportedly accrued a loss of more than $400,000 after selling 3.73 million ARB on April 3. According to data from BitcoinEmber, an on-chain observer, the two addresses sold 3.73 million ARB.
The Arbitrum [ARB] Foundation has backtracked on its initial decision after the community erupted in protest over giving the Foundation control of 750 million ARB tokens, worth nearly $1 billion.
After a weekend that called into the question the agency of its community, Arbitrum has backtracked on a key governance proposal.
In March, the platform claimed to have successfully onboarded over 560,000 new users.
Arbitrum Foundation said it sold 10 million ARB tokens to fund pre-existing contracts and to pay for near-term operating costs.
For most of its existence, the crypto industry has been rife with fraud and failing investment ventures. Now that the investment spotlight has shifted to Arbitrum Foundation, crypto investors are paying close attention.
Arbitrum governance's AIP-1 plan has caused controversy in the community.
The price of Arbitrum token (ARB) witnessed a dramatic fall after the Arbitrum Foundation, the body responsible for overseeing the
The debate around Arbitrum's AIP-1 and subsequent scrapping — despite already-executed financial actions — isn't forcing some large whales to sell.
Two major whale addresses have dumped a staggering 3.73 million Arbitrum (ARB) tokens, incurring significant losses of over $400,000.
The Arbitrum Foundation, the provider of Ethereum layer 2 solutions, has been forced to backtrack on its recent governance proposal, AIP-1, after facing backlash from the community of token holders. The initial proposal was considered too large and covered too many topics.
