Nansen data shows that more than 42 million arb tokens were received in the first hour of Thursday's highly anticipated Arbitrum airdrop.
Around 23,000 individual wallets requested the airdrop, representing 3% of all eligible wallets.
ARB has a total supply of 10 billion, according to the technical document. It was trading at just over $1.30 at press time on Thursday.
As a result, Arbitrum's website and blockchain scraper were temporarily shut down due to an extremely large number of ARB token takeovers. "This serverless functionality has a rate limit," a reminder on the website said at the time of writing on Thursday.
The popular Arbitrum (ARB) token made its market debut on Thursday, trading at $3.99 on Uniswap after several spikes in volatility on decentralized exchanges.
Of the total 625,000 eligible wallets, 445,000 received the airdrop of less than 2,000 ARB tokens, representing the majority of requesters.
Of the total 625,000 eligible wallets, 445,000 wallets received the airdrop under 2,000 ARB, representing the majority of the user groups that received it.
(The article will continue to update information soon.)
