Category: Token unlock

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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

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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,

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DYDX Sees Decline As Token Unlock Event Looms

In recent years, dYdX has emerged as a prominent player garnering positive attention from investors and the wider community. However, a recent downturn in the token’s value has raised questions. According to Lookonchain, “Whale”0x2A25” deposited the entire 1.5M $DYDX ($5.08M) received from dYdX Distributor to Binance 6 days ago, potentially instigating the sell-off. Compounding the situation, dYdX is poised to unlock 150M $DYDX ($505.5M, 81.63% of Circulating Supply) on Dec 1, with 83.19M $DYDX ($280.35M, 46.15% of Circulating Supply) slated for investors.  The token allocation structure reveals that 50% (500M $DYDX) is earmarked for various entities, and 30% (150M $DYDX)

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