Arbitrum (ARB), one of the most popular second layers for Ethereum (ETH), threatens a significant sell-off this week. The protocol will unlock over $100 million in tokens in the next few hours of press time, on April 16.
Notably, Arbitrum’s contracts will unlock 92.65 million ARB for the team behind the project and the early investors.
The former, composed of “Team, Future Team, and Advisors” will receive 56.13 million tokens worth $63.98 million. Meanwhile, “Investors” will have 36.52 million ARB unlocked, at a $41.63 valuation.
Overall, this is a relevant amount of ARB entering the circulating supply for a likely sell-off and supply pressure. Its relevancy lies in the fact that the unlock represents 3.5% of Arbitrum’s $3.03 billion market cap and 2.65 billion ARB already circulating.
Arbitrum (ARB) and other cryptocurrencies’ cliff unlocks. Source: TokenUnlocksApp
Arbitrum (ARB) price analysis amid unlock sell-off
Previously, Arbitrum massively unlocked 1
We współpracy z: https://finbold.com/sell-off-alert-l2-cryptocurrency-unlocks-100-million-in-tokens/
