Arbitrum will do a “Cliff Unlock” tomorrow, April 16, 2024, and release fresh ARB tokens into the cryptocurrency market, according to data from the Token Unlock app. Further details from the app show the layer-2 project’s upcoming Token Unlock will claim the lion’s share of tokens to be released into the crypto market this week. […]
The post Arbitrum to Release 92.65 Million ARB in Fresh Token Unlock This Week appeared first on Coin Edition.
- Arbitrum will do a “Cliff Unlock” tomorrow, April 16, 2024.
- Token Unlock reveals Arbitrum will release 92.65 million ARB into the market.
- The upcoming Token Unlock will increase the ARB token supply by 3.49%.
Arbitrum will do a “Cliff Unlock” tomorrow, April 16, 2024, and release fresh ARB tokens into the cryptocurrency market, according to data from the Token Unlock app. Further details from the app show the layer-2 project’s upcoming Token Unlock will claim the lion’s share of tokens to be released into the crypto market this week.
According to real-time data on the app, this particular Token Unlock will inject approximately $110 million into the crypto market. Arbitrum will unlock 92.65 million ARB, representing 3.49% of the circulating supply. The event will happen exactly one month after the previous Token Unlock, when the project released 1.11 billion ARB, equivalent to $2.09 billion, into the crypto ecosystem.
It is essential to note that Token Unlock highlighted that the upcoming program will be a “Cliff Unlock,” implying a system where no tokens are released initially until a “cliff,” which is the unlock date. The event where pr…
The post Arbitrum to Release 92.65 Million ARB in Fresh Token Unlock This Week appeared first on Coin Edition.
