Large Token Unlock Event Scheduled For Arbitrum On March 16, 2024
In a significant development for the cryptocurrency market, March 16, 2024, marks the date of one of the largest token unlocks this month, with Arbitrum, Ethereum's Layer 2 scaling protocol, preparing to release approximately $2 billion worth of ARB tokens. This unlock event, involving the release of 1.11 billion ARBs, represents a substantial portion of the circulating supply of the token, accounting for 87% of its total. Data from Token Unlocks highlights a series of notable token unlocks scheduled for March, including SUI, APT, ARB, APE, MANTA, PIXEL, IMX, ID, YGG, OP, PRIME, and more, with a combined unlock value exceeding $2.919 billion. https://twitter.com/WuBlockchain/status/1763394384253637062?t=bmqF8-LFmt5yVhS5Yih-GQ&s=19 Of particular significance is the ARB unlock, totaling approximately $2.212 billion, which includes 673 million ARBs allocated to team/advisors and 438 million ARBs designated for investors. In a related development, Amber Group recently recharged 1 million […]
