Arbitrum airdrop

The much-anticipated Arbitrum ARB governance token airdrop marks the beginning of its transition into a self-executing DAO governance, and the activity on ...

[cautioned](https://cryptopotato.com/scam-alert-crypto-community-warns-users-about-fake-arbitrum-airdrops/)users to stay vigilant and revealed identifying more than 273 phishing sites related to Arbitrum. ARB’s total supply, on the other hand, will be fixed at 10 billion. [data](https://arbiscan.io/chart/tx)compiled by Arbiscan.

The highly anticipated Arbitrum $ARB airdrop has landed. Apollo Crypto talks us through what it all means, and what to do if you missed it.

Because not only is it shaping as “L2 season” in crypto, it’s also clearly airdrop season, with some huge decentralised protocols yet to release tokens. “Especially within the first 24 hours, because there’s going to be a lot of volatility. Zk is very complicated technology, however, which is why it’s taking a longer time to develop and for zk protocols to get to market.” Some people are going to go into stablecoins, and some people are going to buy Ethereum with it, or maybe other Arbitrum ecosystem tokens. Some people are going to hold it, some people are going to sell it. “There will be a lot of people just cashing in all or most of their tokens. I believe zero-knowledge proof technology can process transactions a lot quicker than Optimistic rollup technology. Airdrop recipients have essentially got themselves a big stimmy cheque here.” And, by the way, you can check your ARB airdrop status at the official Arbitrum Foundation sitehere. “So all in all, it’s like a second mini stimulus. The highly anticipated $ARB airdrop can finally be claimed (well, as of about a minute past midnight, Mar 24, AEDT). “Bullish on both,” said Angliss.

Alongside transaction activity, DeFi liquidity has soared since Arbitrum announced the launch of its native ARB token.

The contract last traded for $1.38, aligning with the popular ARB token [expect](https://twitter.com/HsakaTrades/status/1637773537338376194) the ARB token to rake in over $1 billion in trading volume on launch day. [market estimations](https://decrypt.co/124016/arbitrum-airdrop-around-corner-how-much-will-arb-be-worth). [DeFi Llama](https://defillama.com/chain/Arbitrum). [announced](https://decrypt.co/123727/ethereum-layer-2-solution-arbitrum-announces-token-airdrop-opens-tech-stack-devs) the launch of its along with an airdrop of ARB governance tokens to early users and developers on March 16. [Arbitrum](https://decrypt.co/resources/what-is-arbitrum-speeding-up-ethereum-using-optimistic-rollups/), a layer-2 rollup on [Ethereum](/resources/what-is-ethereum-quickly-explained-four-minute-guide), has hit an all-time high in daily transactions and unique wallets interacting with the network ahead of its airdrop.

There has been a lot of excitement in the decentralized finance (DeFi) space in the past week, with a mini market rally, ApeSwap and Onyx DAO launching on ...

This allows users to create iterative rewards where they can stake ARB liquidity to earn ONYX, then stake their ONYX to earn more ARB. This ensures the ONYX token will be more liquid and have less volatility, letting users earn ONYX at a discount to stake in reward pools. Treasury Bills will allow users to sell their ONYX/ETH liquidity to the protocol to earn ONYX tokens at a discount. This way, users can earn with their ARB tokens while making ARB a highly liquid token for trading on the ApeSwap decentralized exchange. Additionally, Onyx DAO has created an ARB rewards pool through which users can stake ONYX tokens to earn ARB. To make this news even more thrilling, Onyx DAO has launched two new features centered around the ARB token.

Today, March 23 at 1:00 pm EST, Arbitrum (ARB) will start trading on Binance. The launch of the airdrop is likely the biggest DeFi event since the Uniswap.

Once the airdrop claim reaches 60-80%, the analyst expects a bounce – this is the time to buy. At the beginning, the price of the airdrop token shoots up. For Mac, who shared the UNI chart below, this is the time to sell. Within the first hour of trading, the Arbitrum token reached a max price of $2.31. The launch of the airdrop is likely the biggest DeFi event since the Uniswap airdrop three years ago. He thinks ARB will see a dump candle for a few hours after launch at most, when market makers and airdrop claimers sell their tokens.

On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices.

Thirty-nine percent of eligible addresses have been claimed and more than 40% of the airdropped ARB has been received by recipients. ARB trade volume is much higher than the ARB IOU volumes recorded yesterday at $8.7 million. The day before, Bitcoin.com News [reported](https://news.bitcoin.com/arb-token-airdrop-anticipation-spurs-iou-markets-for-arbitrums-native-cryptocurrency-asset/) on exchanges listing IOU ARB markets just before the real ARB token launched on Thursday. At the time of writing, a single ARB was trading for [$1.25 per unit](https://coinmarketcap.com/currencies/arbitrum/). [Arbitrum airdrop](https://news.bitcoin.com/arbitrum-launches-native-governance-token-arb-and-self-executing-dao-governance-model/) claiming process began and distribution of 11.6% of the supply started. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply.

Only projects with a DAO and a community treasury will receive airdrops, with the exception of The Protocol Guild. Factors considered for eligibility ...

[Docs](http://docs.coredao.org/) [Website](https://cronos.crypto.org/) [Website](http://coredao.org/) [Documentation](https://cronos.crypto.org/docs) [Website](https://polygon.technology/) [Website](https://ethereum.org/en/) [ Discord](https://discord.com/invite/cryptoblades) [Website](https://wapal.io/) [Discord](https://discord.gg/CBRmXKHXyt) [Blog](https://offchain.medium.com/) [Docs](https://developer.offchainlabs.com/) [Website](https://arbitrum.io/)

The price of ARB tokens dropped by double-digits minutes after launch as airdrop recipients rushed to sell their tokens.

The page returned 404 and 429 errors, remaining down for more than an hour after the claiming process began. At ByBit, the token started trading for $7.50, but dropped to $1.50 within minutes. A few others were able to sell for $4.50, however, the price dropped quickly below $1.50 as more sellers arrived. In the first two hours, the market witnessed a massive sell-off of the token as its price declined from over $10.29 to lows of $1. The analytics firm puts “smart money” tags on addresses that trade in significant size and are usually active. The official Arbitrum airdrop page crashed right after the claiming process began around 9 a.m.

Ethereum layer-2 scaling solution Arbitrum has officially launched its governance token airdrop. Immediately following the airdrop token claim event, ...

Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference. What sets Permissionless apart? CryptoFX/Shutterstock modified by Blockworks

Ethereum layer-2 scaling solution Arbitrum has officially launched its governance token airdrop. Immediately following the airdrop token claim event, ...

Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference. What sets Permissionless apart? CryptoFX/Shutterstock modified by Blockworks

Arbitrum's token airdrop started off in a frenzy that broke multiple websites, and yet more than 428 million ARB tokens are left to be claimed, according to ...

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The token launch for Arbitrum was quite bumpy, to say the least after users could not claim their airdrop tokens for the first one hour post-launch. T.

The crypto market has been in the crosshairs of the Securities and Exchange Commission (SEC) for a while now. At the time of writing, ARB is auctioning for $1.43 with indications of [volatility](https://www.fxstreet.com/technical-analysis/volatility) as it went down as low as $1.11 in one instance. The author makes no representations as to the accuracy, completeness, or suitability of this information. The author has not received compensation for writing this article, other than from FXStreet. This should be expected, given that eligible token holders will now flock to the website to claim their ARB as network traffic continues to subside. The author will not be held responsible for information that is found at the end of links posted on this page. Better still, others hoped it would explode to $10 and qualify as the most valuable blockchain in the world. Notably, airdrops in the crypto sector are crucial to decentralizing the concerned network and rewarding early users for participating. The turn of events was very disappointing, given that users had been waiting for a week for the highly-advertised ARB airdrop. This happened as more sellers flocked to the scene. At Kucoin, the token recorded an intra-day high of $11.65 but dropped to $1.50 within minutes. During the first two hours, the market witnessed a massive sell-off of the token, with its price declining from over $10.29 to lows of $1 on the Kucoin exchange.

Hacked vanity addresses have been used to steal tokens worth $500000 from layer-2 scaling solution, Arbitrum.

The hacking of these vanity addresses makes it impossible for the original owners to claim their ARB tokens. Creating a vanity address requires using special software or services that could potentially compromise the security of users’ private keys. However, the safety of vanity addresses is questionable.