Arbitrum network will unleash 1.11 billion tokens on March 16 in a cliff unlock. The unlock will comprise 76.62% of the network’s circulating supply, worth $2.31 billion. Token allocations go to the team, advisors and investors who are likely to cash in for early gains. Arbitrum price has recorded a lot of volatility since the onset of 2024, trading within a range while the broader market rallied.
Allocations will go to investors and even more to the team, future team, and project advisors, with the former expected to book profits for the 438.25 million ARB tokens coming their way on Saturday. ARB unlocks To make it even worse, after Saturday, every 16th of the month, more unlocks will happen over the next 4 years. This could lead to major price action for the ARB token. ▫️ Ethereum's scaling solution @arbitrum is set to release a massive 1.