Coinspeaker
Arbitrum Set to Unlock 92.65 Million ARB Tokens in ‘Cliff Unlock’ Event
Arbitrum, a major layer-2 blockchain system, is getting ready for another big event on April 16, 2024, dubbed “Cliff Unlock.” According to Token Unlocks, Arbitrum will unlock around 92.65 million ARB tokens, which is about 3.49 percent of the total number of tokens in circulation. At the time of writing, this huge sum is worth approximately $116.73 million on the market.
This event has been labeled as a “Cliff Unlock”, which means that no tokens will be released until the specified date, also called the “cliff” or unlock date. A huge number of tokens will be released to the market all at once on this date.
Arbitrum unlock progress and countdown to next unlock. Photo: Token Unlocks
Effects of the ‘Cliff Unlock’
These kinds of events can have a big effect on the market, often making it more volatile and full of trading activity. Traders often speculate how prices will
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