The cryptocurrency world is buzzing with excitement as the ARB token has gone live and is now listed on multiple exchanges. The token, which was created by the Arbitrum team, is designed to offer fast and secure transactions on the Ethereum blockchain.
What’s even more exciting is that an airdrop of 11.6% of the ARB supply to Arbitrum users is now live. As of now, around 263,000 eligible addresses have already claimed over 509 million ARB tokens, which is approximately 43.85% of the airdrop. This is worth over $680 million at the current price of $1.34.
The last $100 million Series B round, priced at $0.12, valued the company at $1.2 billion. With the initial circulating supply of around 1.275 billion ARB tokens, the current market cap is $1.69 billion.
Arbitrum’s team has been working hard to ensure that the token is listed on major exchanges, including Binance, OKX, Bybit, Uniswap, MEXC, Huobi, Bitget, and many more. The team is committed to providing fast, secure, and efficient transactions on the Ethereum blockchain.
ARB token is already creating a buzz among investors and traders, and it has the potential to become one of the most sought-after tokens in the crypto world. With the airdrop underway, the excitement is only set to grow.
As more and more people claim their ARB tokens, the price is expected to rise even further. The Arbitrum team has created a token that is not only innovative but also has the potential to change the way we think about blockchain transactions.
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This article was republished from azcoinnews.com
