Arbitrum's ARB Token Generates Buzz with Airdrop and DAO Allocation.

1 min read
Source: CoinDesk
Arbitrum's ARB Token Generates Buzz with Airdrop and DAO Allocation.
Photo: CoinDesk
TL;DR

Over 42 million ARB tokens were claimed in the first hour of Arbitrum's token airdrop, with 23,000 individual wallets claiming the tokens. The majority of claimers received an airdrop of fewer than 2,000 ARB tokens. ARB has a total supply of 10 billion and traded at just over $1.30 at the time of writing. The long-awaited Arbitrum token made its market debut on Thursday, trading at $3.99 on Uniswap as volatility spiked on decentralized exchanges.

Share this article

Want the full story? Read the original reporting

Read on CoinDesk