ARB Token Airdrop: Anticipation Spurs IOU Markets for Arbitrum’s Native Cryptocurrency Asset

A week ago, the Ethereum furniture 2 scaling solution Arbitrum announced the motorboat of its autochthonal token called ARB, and since past IOU markets person launched giving immoderate denotation of however overmuch the token whitethorn beryllium worth. ARB claiming begins March 23 and erstwhile radical get their coins connected exchanges, the token’s worth whitethorn crook retired to beryllium a full batch different. At present, ARB has been exchanging hands for $5.41 to $7.92 per portion implicit the past 24 hours.

ARB Token Sees IOU Trade Volume but Market Value May Shift Significantly After Real Tokens Start Trading

A caller integer plus is entering the cryptocurrency system aft the furniture 2 scaling solution Arbitrum announced the motorboat of its governance token past week. After the announcement, respective centralized cryptocurrency exchanges launched IOU markets that radical tin trade, but lone correspond the marketplace worth of ARB earlier its launch.

ARB claiming begins March 23 and the Arbitrum airdrop is highly anticipated. The cryptocurrency marketplace terms aggregation website coinmarketcap.com (CMC) shows ARB’s existent worth via exchanges that person launched IOU markets. According to CMC data, the ARB IOU token reached an all-time precocious of $14.02 per portion connected March 19.

Since then, the IOU token has dropped astir 51.43% from its all-time precocious 3 days ago. ARB IOU tokens besides recorded an all-time debased astatine $2.81 per portion and existent prices are 140% higher astatine $6.88 per coin. While 24-hour metrics amusement prices betwixt $5.41 and $7.92, the IOU has seen $8.7 cardinal successful planetary trades implicit the past day. In that time, ARB markets mislaid astir 8% against the U.S. dollar connected Wednesday, 15 hours earlier ARB claiming begins.

The cryptocurrency analytics level Dune Analytics shows respective ARB airdrop tracking tools acceptable to spell unrecorded connected March 23. When claims begin, the tools diagnostic counters highlighting the full ARB claimed, the fig of unsocial ARB holders, and different allocation data.

The existent IOU worth of the ARB token is higher than Optimism’s autochthonal governance token OP. The existent worth of OP is astir $2.53 per portion and there’s a circulating proviso of 314,844,141 OP. As mentioned earlier, erstwhile existent ARB tokens commencement trading past the marketplace worth whitethorn displacement significantly, and the IOU token’s all-time precocious and debased bespeak that these changes are apt to proceed for immoderate time.

What are your thoughts connected the upcoming ARB token airdrop and its imaginable interaction connected the cryptocurrency market? Share your opinions successful the comments below.

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