What can a token allocation pie chart tell you about a project?
For ARB, 11.62% was allocated to user airdrops, 7.5% to the Arbitrum Foundation, and 1.13% to DAO airdrops within the ecosystem.
When researching a token, first find the official token allocation breakdown and pay attention to the combined share held by the team and investors.
$ARB The initial supply was 10 billion tokens, of which 11.62% was airdropped to users.
If anything is unclear, bring it up in the comments.

No guarantee this is accurate—make up your own mind.