Arbitrum Airdrop Sees High Activity, But Many Wallets Remain Unclaimed.
Over 37% of eligible crypto wallets have not yet claimed their governance tokens from Arbitrum's airdrop, according to blockchain analytics firm Nansen. The unclaimed tokens, worth nearly $596 million, represent 428 million ARB tokens that have yet to enter the market. The airdrop's initial redemption rate was restricted due to heavy traffic, resulting in fewer tokens in circulation during peak demand. ARB soared as high as $14 before settling around $1.42 once more wallets had claimed their allocations. Eligible addresses have 184 days left to claim their tokens.