In Brief After Arbitrum’s recent token unlocking event, approximately 8.95 million ARB tokens, valued at $16.4 million, were transferred to Binance. This move, often interpreted as bearish in the crypto market, coincided with a broader downturn, causing ARB’s price to drop to $1.62. Despite the price decline, Arbitrum remains a dominant force in the Ethereum…
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As Bitcoin fell below $30,000, the price of Arbitrum dropped by more than 12% in the last 24 hours, dragging other altcoins with it. Arbitrum (ARB) lost 12.69% in the last 24 hours, according to CryptoSlate data, reversing its recent surge. The decline occurred at the same time that Bitcoin (BTC) also fell below the…
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Briefly the Nansen dashboard indicates that almost 1 billion Arbitrum tokens have been claimed. A fake link was posted on the project’s discord channel. On Uniswap, over $24,000 in trading volume was generated by a fictitious ARB token. On March 23, the Ethereum layer2 scaling solution Arbitrum successfully distributed its tokens to users. Since then,…
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In a nutshell traders mistakenly bought a dead token called ARbit under the name Arbitrum token (ARB). Thus, the ARbit token increased by 2000%. The airdrop from Arbitrum has sparked excitement in the cryptocurrency community. In error, cryptocurrency traders have been pumping a dead token called Arbit under the name Arbitrum. Today, the latter is…
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