Arbitrum: What’s In Store For ARB Token After Unlock?
September 19 2023 - 8:19AM
NEWSBTC
Arbitrum (ARB) is gearing up for a monumental token unlock
scheduled for March 2024, poised to inject a staggering 1.11
billion ARB tokens, worth approximately $907 million at current
market prices, into the cryptocurrency market. Token unlocks refer
to the release of previously restricted or vested tokens into
circulation. These events often have significant consequences on
the price and sentiment surrounding a cryptocurrency. They
can introduce inflationary pressure into the market and act as
bearish catalysts, causing traders to closely monitor their
schedules. 🌟 Is anyone curious about the pre/post-unlock analysis
of @arbitrum ? 🌟 There was only one cliff unlock of $ARB Here are
the price impact results after the unlocks💡; – On the first day
after unlocks, the price rose by 3%✨ – Then, it gradually dropped
to -21% (around 21… pic.twitter.com/GQtxGCgoQF — Token Unlocks
(@Token_Unlocks) September 18, 2023 ARB Token Poised For Massive
Potential Price Growth Token analytics firm Token Unlocks recently
conducted a comprehensive analysis of ARB’s price impact following
previous unlocks. Their findings shed light on the market’s
response to these events. According to their data, ARB
experienced a 3% price appreciation on the first day of the
unlocks. However, this initial uptick was followed by a prolonged
three-week downtrend, during which the price dipped by more than
20%. Surprisingly, 25 days after the unlock, prices began a
remarkable recovery, ultimately rising by nearly 19% from the
unlock day. Related Reading: Solana Seeing Dark Clouds? Trader
Predicts Steady Bottom Formation 🌟 Is anyone curious about the
pre/post-unlock analysis of @arbitrum ? 🌟 There was only one cliff
unlock of $ARB Here are the price impact results after the
unlocks💡; – On the first day after unlocks, the price rose by 3%✨ –
Then, it gradually dropped to -21% (around 21…
pic.twitter.com/GQtxGCgoQF — Token Unlocks (@Token_Unlocks)
September 18, 2023 Implications For The Market The upcoming 2024
unlock poses both opportunities and challenges for the crypto
market. The sheer magnitude of this release can be expected to
exert downward pressure on ARB’s price in the short term, given the
historical data. Traders and investors should brace themselves for
potential price volatility. Arbitrum (ARB) is currently trading at
$0.8485. Chart: TradingView.com Meanwhile, Layer-2 solutions have
emerged as the dominant force in the cryptocurrency sector,
witnessing extraordinary growth from $5 billion to $10 billion in
just nine months. Arbitrum, along with Base, reportedly deserves
much of the credit for this remarkable expansion. In a race
for supremacy, Arbitrum overtook Optimism to become the world’s
largest Layer-2 blockchain, with an impressive $5.3 billion in
assets locked on its platform. Currently, Arbitrum controls over
half of the funds locked in the Layer-2 market, while Optimism
claims another 25.4% of the market share. Key Moment For Crypto The
forthcoming ARB token unlock next year promises to be a pivotal
moment for the cryptocurrency market. While it may initially
introduce uncertainty and bearish sentiments, historical data
suggests that ARB has the potential to rebound strongly in the
weeks following the unlock. Related Reading: Solana Eclipsing
Ethereum? Wall Street Veteran’s Top Altcoin Pick Emerges
Furthermore, the rise of Layer-2 solutions, spearheaded by
Arbitrum, highlights the ongoing evolution and growth within the
crypto space. Traders and enthusiasts alike will be closely
watching as this event unfolds and the market responds to this
significant injection of ARB tokens. With a current ARB price of
$0.8485, as reported by CoinGecko, the cryptocurrency has seen a
2.9% increase in the last 24 hours and a notable seven-day rally of
9.0%. (This site’s content should not be construed as investment
advice. Investing involves risk. When you invest, your capital is
subject to risk). Featured image from Nansen
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