Arbitrum Faces Potential Volatility As Token Unlock Event Looms

The impending token unlock event scheduled for April 16 poses a significant risk to Arbitrum (ARB) investors, as the market braces for potential price fluctuations. These unlock events are notorious for triggering substantial volatility in cryptocurrency markets, given the uncertainty surrounding their aftermath. On April 16, 2024, a staggering 92.65 million ARB tokens, representing 3.49% of the total circulating supply, are set to be released into the market. With a market value estimated at approximately $116.73 million, the unlock event has garnered widespread attention from investors and analysts alike. #Arbitrum to Unlock 92.65 Million ARB Tokens in ‘Cliff Unlock’ Event.

The post Arbitrum Faces Potential Volatility As Token Unlock Event Looms appeared first on The Merkle News.

Go to Source

Arbitrum ARB Faces Declining Prices Amidst Concerns Over Upcoming Token Unlock

Investors are closely monitoring the trajectory of Arbitrum (ARB) as its price continues to decline across all timeframes, experiencing a further 7% drop in the past 24 hours.  The looming unlock event scheduled for April 16, where approximately 92.65 million ARB tokens are set to be distributed to advisors, team members, and investors, has sparked significant apprehension within the cryptocurrency community. 五分钟前,Amber Group 再次向 #Coinbase 充值 100 万枚 $ARB ,价值 149 万美金 https://t.co/1OjZW3KxKb 目前该地址仍剩余 482 万枚 ARB,价值 719 万美金;2024 年 Amber 已累计向交易所充值 954 万枚 ARB,总价值 1,778 万美金;近七天 ARB 已下跌 13.8%,现价 $1.50 本条推特由 #Bitget 赞助 https://t.co/rVivOpv2NI pic.twitter.com/6nxC2CKUhJ — Ai 姨 (@ai_9684xtpa)

The post Arbitrum ARB Faces Declining Prices Amidst Concerns Over Upcoming Token Unlock appeared first on The Merkle News.

Go to Source

Arbitrum Outpaces Ethereum in Daily Transactions Amidst L2 Networks’ Surge 

Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks such as Optimism have also witnessed an uptick in activity. Arbitrum Transfers Spike Metrics indicate that […]

Go to Source

Whales Continue To Move ARB Tokens Amid Market Decline

In the wake of the recent release of approximately 1.1 billion ARB tokens, significant movement of these tokens by whales onto exchanges has contributed to a notable decline in the market value of Arbitrum, a leading layer-2 Ethereum scaling solution.  Over the past week, the platform has experienced a substantial loss of up to 20% of its total value, facing strong bearish pressure from the market. 五小时前,Amber Group 再次向 #Coinbase 充值 100 万枚 $ARB ,价值 163 万美金 Amber 目前仍持有 682 万枚 ARB,价值 1058 万美金,分批出售还没有结束;近七天 ARB 已下跌 24%,现价 $1.56📉 钱包地址 https://t.co/a734UyPfKM https://t.co/FCtfMswIyj pic.twitter.com/hef3MJ6mFn — Ai 姨 (@ai_9684xtpa) March 19, 2024 Recent

The post Whales Continue To Move ARB Tokens Amid Market Decline appeared first on The Merkle News.

Go to Source

Phishing Scammers Stole $47 Million From 57,000 Victims in February Alone — Report

Nearly $47 million was stolen from approximately 57,000 crypto users by criminals who use phishing scams to lure victims. The Scam Sniffer data highlights that most of the thefts occurred on the Ethereum chain, with ERC-20 tokens being the most targeted. Unlike in January, the number of victims who lost digital funds exceeding $1 million […]

Go to Source

Arbitrum (ARB) Faces Major Unlocking Event Amidst Exchange Activity

Arbitrum (ARB) enthusiasts are bracing themselves for a significant unlocking event scheduled for March 16th. This event will mark the release of a whopping 1.1 billion tokens, accounting for a substantial 76% of the total circulating supply. Investors and the project team will be the primary beneficiaries of this sizable token distribution. The anticipation surrounding this unlocking event has been further fueled by recent movements of ARB tokens to various cryptocurrency exchanges. In the past 24 hours alone, a considerable amount of ARB has been transferred to these platforms, sparking speculation and interest among market participants. In a noteworthy development,

The post Arbitrum (ARB) Faces Major Unlocking Event Amidst Exchange Activity appeared first on The Merkle News.

Go to Source

Arbitrum Proposal to Fund Tornado Cash Developers Defense Withdrawn

Arbitrum Proposal to Fund Tornado Cash Developers Defense Withdrawn Over Legal ConcernsA proposal aiming to contribute to funding the legal defense of the developers of Tornado Cash, the Ethereum-based mixing platform, was removed by the Arbitrum community over apparent legal concerns. Devansh Mehta, lead of the working group of the Arbitrum treasury, criticized the move, stating that there was “absolutely nothing wrong with paying for the […]

Go to Source

Arbitrum (ARB) Showcases Strong Momentum Amid General Market Sentiment 

The trajectory of Arbitrum (ARB) is currently under intense scrutiny, fueled by recent data revealing a remarkable surge of over 95% in the past month. The cryptocurrency community is abuzz with discussions, particularly regarding potential airdrop-related influences on the ARB token’s price. Arbitrum, a prominent Ethereum Layer 2 scaling solution, faced a dip in its price, reaching $0.74 after achieving an all-time high of $11.79 in May. This decline was attributed to profit-taking activities and the impact of airdrop sales that gained attention in April 2023. 🌟 Four out of the top ten $ARB DAO airdrop receivers still hold 70%+

The post Arbitrum (ARB) Showcases Strong Momentum Amid General Market Sentiment  appeared first on The Merkle News.

Go to Source