Token allocation in a nutshell:
Arbitrum’s ARB had an initial total supply of 10 billion tokens: 35.28% for the DAO treasury, 26.94% for the team, contributors, and advisors, and 17.53% for investors.
The “community” allocation doesn’t necessarily mean tokens go directly to ordinary users; it may include funds such as ecosystem funds and treasuries managed by a foundation or DAO.
When researching a token, first find its official allocation breakdown and check what percentage the team and investors hold combined.
$ARB 0.1477(-8.26%)

#ARB

Just my personal opinion—please consider it thoughtfully.