Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets

As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain enactment shows that airdrop hunters consolidated tokens worthy astir $3.3 cardinal collectively from 1,496 wallets into 2 wallets.

According to the blockchain investigation level Lookonchain, 1 wallet received 1.4 cardinal ARB from 866 addresses. The relationship past added each the ARB received to the decentralized speech Uniswap to supply liquidity. The 1.4 cardinal ARB tokens are worthy astir $2 cardinal astatine the clip of writing. On the different hand, different wallet received 933,375 ARB, which is worthy astir $1.38 million, from 630 addresses.

While the investigation level described the addresses simply arsenic 2 “super airdrop hunters,” members of the assemblage couldn’t assistance but formulate their ain theories arsenic to who are down the on-chain activities. 

Some theorized that this whitethorn beryllium the enactment of squad members of the task portion others think that it whitethorn beryllium a hacker. Meanwhile, different assemblage subordinate believes that this whitethorn pb to a important driblet successful transaction volumes.

Community subordinate sharing their sentiment down the on-chain activity

While immoderate sentiments were negative, others praised the efforts of the alleged airdrop hunters, calling them names similar “airdrop god.” Another believes that whoever is down those addresses has spent a tremendous magnitude of clip and superior into farming the numbers.

Related: Arbitrum airdrop sells disconnected astatine listing, but traders stay bullish connected ARB

The hype down the ARB airdrop besides made its mode to the over-the-counter (OTC) markets. On March 21, crypto users who were eligible for the airdrops had already started selling the tokens successful OTC markets aft the airdrop announcement.

Meanwhile, isolated from upstanding assemblage members, hackers were besides actively participating successful the airdrop craze. On March 24, immoderate hacked vanity wallet addresses were utilized to bargain $500,000 worthy of ARB tokens from eligible airdrop participants.

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