On March 23 at 15:00 Kyiv time on block #16 890 400, an airdrop of ARB tokens started in the Arbitrum network.
gm. The day has come Arbinauts.💙🧡 pic.twitter.com/k590XQBvkd
— Arbitrum (💙,🧡) (@arbitrum) March 23, 2023
Currently, there are 1.16 billion tokens in the distribution, which is 11.6% of the total supply of 10 billion tokens. Another 113 million coins can be claimed by some DAOs in the Arbitrum ecosystem.
According to Dune Analyticsat the time of writing, 9761 addresses received a total of 19,439,625 ARB tokens.
Due to the influx of users, the Arbitrum Foundation websites and the Arbiscan on-chain browser are temporarily unavailable.
Due to too many visits, the ARB collection page, arbiscan, etc. were down and could not be opened. The current ARB current price is about $2.5, and the price fluctuates wildly. https://t.co/go7jHExk3s pic.twitter.com/wUFpVIddtT
— Wu Blockchain (@WuBlockchain) March 23, 2023
Due to server overload, Arbitrum representatives reminded that users have six months to receive tokens.
Remember #Arbinauts, you have 6 months to claim your tokens! Gas fees will be quite high, and there will be server congestion.
— Arbitrum (💙,🧡) (@arbitrum) March 23, 2023
At the same time, ARB began trading on several centralized exchanges, including Coinbase, Binance, KuCoin, ByBit, and OKX. The price of the token fluctuates greatly around $10
Recall that the Arbitrum Foundation plans to distribute 10 billion governance tokens, which will allow holders to vote for changes in the code of the Arbitrum One and Nova networks.
In anticipation of the airdrop, the Arbitrum community has begun selling unreleased ARB tokens on OTC markets.
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