❗️ Arbitrum will unlock $2.15 billion worth of tokens
🏢 On March 16, 2024, the scheduled unlocking of Arbitrum L2 network tokens worth $2.15 billion will take place.
🪙 About 1.08 billion "new" $ARB will appear in circulation, which will increase the current number of tokens in circulation by 84%.
💰 It is noted that 673.5 million tokens ($1.34 billion) of Arbitrum will be unlocked for the team and consultants, and the remaining 438.25 million tokens ($872 million) will be unlocked for investors.
👀 Large token unlocks are believed to have a negative impact on the asset's price, but in the current market, this is not the norm. Also, don't forget about the Dencun update to Ethereum, which can have a positive effect on the L2 network of ether.
✅ $ARB is currently trading at $1.99.
