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ArbInu token (ARBINU) has gained 80% in the last 24 hours, showing a more than 150% increase in quotations at its peak. The reason for ARBINU's staggering price action was the announcement yesterday of the long-awaited airdrop of ARB, the native token of Ethereum's leading Layer 2 solution, Arbitrum.
Amid the hype surrounding the Ethereum Shanghai upgrade and the Arbitrum airdrop, co-founder Vitalik Buterin recommends crypto investors using social recovery wallets and multi-signature wallets to achieve self-custody of crypto funds. He also uses a multisig wallet personally to store his funds, as does the Ethereum Foundation.
A popular crypto trader is warning investors about the upcoming token airdrop for layer-2 (L2) scaling solution Arbitrum (ARB).
