Coinspeaker
Arbitrum to Unlock Over $2B Worth of Vested Tokens on March 16
Ethereum layer-2 network Arbitrum (ARB) will unlock 1.1 billion vested tokens worth $2.32 billion on Saturday, March 16. According to crypto tracker Token Unlocks, the tokens to be unlocked account for about 76% of the ARB circulating supply.
Arbitrum (ARB) Unlock Effect on Token’s Price
The volume of tokens expected to enter the market suggests to members of the Arbitrum community that there will be some impact on ARB’s market price. Consequently, reactions are somewhat polar. While some believe that traders will prefer to take short positions against the token, others plan to sell their tokens in anticipation of a possible price plunge.
The unlock schedule will see about 675.5 million (about $1.37 million as of this writing, released to Arbitrum’s team and advisors. The layer-2 protocol will also release 438.25 tokens, around $894 million, to investors.
Members of the Arbitrum community expe
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