With the lion’s share of #ARB selling from #airdrop participants likely complete, the focus will shift back toward #Arbitrum’s growth.

The total #ARB balance of these wallets is #greater than the amount claimed at 15.5 million ARB tokens, meaning #smart wallet addresses added additional ARB tokens to their #wallets.

The smart money wallets identified by #Nansen claimed a total of 15.2 million #ARB tokens, representing 1.19% of the total unlocked supply. 

Some “super airdrop hunters” who farmed #ARB tokens in bulk with more than one #Ethereum address added considerably to the ARB selling pressure. 

The bulk of the deposit increases was on #Uniswap and #Arbitrum #Exchange via added liquidity pools of tokens paired with #ARB.

Most projects received less than $500,000 in #ARB tokens, which is inadequate to #incentivize liquidity among a large user base.

This was also a reason behind the bullish thesis around the #Arbitrum ecosystem, as the #DAOs will get a chance to promote usage through #ARB incentives.

Moreover, the #Arbitrum airdrop included a 1.1% allocation out of the total #ARB's supply of 12.75 billion for the #DAOs in the ecosystem. 

The report added, “On the day the airdrop happened which #marked the launch of the #ARB token, the prices of ecosystem tokens began to decline, suggesting a classic “sell the news” event.”

The primary reason behind the pump was the #ARB airdrop catalyzing the #Arbitrum ecosystem’s growth. 

The #Arbitrum (#ARB) airdrop was announced on March 16, which caused a significant uptrend in native token prices of Arbitrum ecosystem projects like #GMX), #Magic , Gains Network (#GNS) and Radiant Network (#RDNT).

However, the #Ethereum Layer-2 activity remains strong, with the selling pressure of #ARB tokens likely done with, making the rollup well-positioned for further growth.

The #Arbitrum token airdrop led to a massive dump of #ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. 

The #ARB airdrop followed the sell-the-news narrative, but #Arbitrum's #Dapp use and fundamentals remain strong and smart #money continues to buy ARB tokens.

 #ARB is a buy for traders between $1/1.2. With #BTC pulling back due to Binance news, it's a good time to start adding to a long-term position. Keep an eye on the market and prepare for possible dips, which could be great buying opportunities. 🛍️ #cryptoportfolio

BREAKING 🚀 📣🚀 Major market shift! Recent news about #Binance    has sent shockwaves through the #crypto world. Our latest thread covers everything you need to know about the impact on #BTC   , #ETH, #LTC, #1INCH, and #ARB. Don't miss out

#Performance of #ARB could be considered explosive in both negative and positive terms, but right now it shows surprisingly stable performance 

The highly anticipated launch and airdrop of #Arbitrum's native #governance token #ARB took place on March 23, creating a buzz around the layer-2 protocol as hundreds of thousands of eligible users and #DAOs tried to claim the token. 

Hey, I've got some great news that'll make your day!🚀 #Cilistia is the first ever decentralized peer-to-peer cryptocurrency exchange in the world, and they're really taking care of their $CIL token holders.🐳

@cilistiap2p #eth #arb #OP

The highly anticipated launch and airdrop of #Arbitrum's native #governance token #ARB took place on March 23, creating a buzz around the layer-2 protocol as hundreds of thousands of eligible users and #DAOs tried to claim the token. 

#KyberSwap makes history with the launch of the first-ever #ARB liquidity pools and liquidity mining on #Arbitrum! 🚀 

Don't miss out on the opportunity to own a part of the Locker Token ecosystem! By holding #LKT, you become a part owner of the entire project and its ecosystem. #LockerToken 

#BTC    #ETH #ARB 

#ProBit Global Exclusive Presents Arbitrum’s New #ARB Token at 50% off. Via Bitcoin News

Top 5 Biggest Loss in Value in the last 24 hours📉

$KWENTA $ARB $GNS $ALEX $RLC

#KWENTA #ARB #GNS #ALEX #RLC

#Arbitrum’s online resources stop working amid the #ARB airdrop
The project’s website and explorer do not work because of the high load

Nexo is expected to #add #ARB to its list of supported assets 

Exciting news for all #crypto enthusiasts! The @cilistiap2p platform supports #eth and allows for seamless #arb opportunities. Don't miss out on this game-changing feature. #OP #blockchain

Arbitrum tokens already trading in OTC market even before airdrop release🫣😍

Read full news at: cryptounity.news

#airdrop ,#airdrops #coins, #arb #arbitrum

Exciting news for $RAID holders! @RaidSwap is launching an airdrop to reward users who provide liquidity to the pool. Plus, with their emphasis on #RealYield, you can earn sustainable returns on your investment. Don't miss out on this opportunity! #ARB #cryptocurrency

1.16 #billion #ARB tokens of Ethereum layer 2 Arbitrum to be airdropped.

💰Exciting news for $RAID holders! @RaidSwap is launching an airdrop to reward users who provide liquidity to the pool. Plus, with their emphasis on #RealYield, you can earn sustainable returns on your investment. Don't miss out on this opportunity! #ARB #cryptocurrency