Arbitrum’s Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop

Following the Arbitrum token airdrop, ARB has change into a high 40 cryptocurrency because it at the moment holds the thirty seventh largest market valuation out of greater than 23,000 listed digital currencies. Currently, there’s a circulating provide of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped provide. Over the previous day’s buying and selling periods, ARB has decreased by 9.8% in opposition to the U.S. greenback.

Top Ten ARB Addresses Hold 94.41% of Current Circulating Supply

According to statistics recorded on Saturday, March 25, 2023, Arbitrum’s native governance token, ARB, is now the thirty seventh largest cryptocurrency by market capitalization. The governance token for the layer two Ethereum scaling challenge has a bigger market valuation than Optimism’s governance token, OP, which is the 66th largest by market capitalization on Saturday.

ARB’s total market valuation is $1.58 billion, and 24-hour buying and selling statistics present a spread from $1.19 to $1.39 per unit of ARB over the past day. Data from Dune Analytics signifies that 968.71 million of the 1.275 billion ARB tokens have been claimed to this point, accounting for 83.4% of the claimable tokens on March 25.

Arbitrum's Governance Token ARB Ranks Within Top 40 Market Capitalizations Following Airdrop

Currently, there are 247,700 distinctive ARB holders, and the highest ten addresses maintain 94.41% of the ARB in circulation. The Arbitrum Foundation’s DAO Treasury holds roughly 3.52 million ARB, and the second-largest handle holds 2.69 million ARB.

Exchanges that maintain a big quantity of ARB embrace Bybit, Kucoin, Mexc Global, and Bitget, as all 4 exchanges have addresses inside the high 25 largest ARB holders. Two days in the past, on March 23, ARB reached each an all-time excessive and an all-time low on the identical day.

The value immediately is 89% decrease than the recorded all-time excessive of $11.80 per unit and 12.9% greater than the all-time low of $1.10 per ARB. The commerce quantity of ARB has elevated considerably over the past two days, with $1.738 billion in ARB trades settled over the past 24 hours.

The high 5 most lively cryptocurrency exchanges by way of ARB commerce quantity embrace Binance, Bitget, Okx, Uniswap (Arbitrum model), and

What do you assume the longer term holds for Arbitrum’s governance token ARB? Let us know within the feedback part beneath.

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