90M+ ARB Was Airdropped to 131 Addresses Yesterday: Recent Data
Lookonchain shared in a tweet yesterday that Arbitrum (ARB) air dropped approximately 90.15 million ARB yesterday. It is estimated that the total USD amount for the airdrop is $118 million as per ARB’s price at the time of the airdrop. In the tweet, the blockchain tracking firm shared that these ARB tokens were air dropped to 131 DAO addresses. Ranked number 35 in terms of market cap, ARB printed a 24-hour gain of 4.70% against the US Dollar according to CoinMarketCap. In addition to strengthening against the Dollar, ARB also strengthened against the two crypto market leaders Bitcoin (BTC) and Ethereum (ETH) by 1.16% and 2.65% respectively. As a result, ARB is currently trading at around $1.37. 4-hour chart for ARB/USDT (Source: TradingView) ARB’s price has recovered above the 9 and 20 EMA lines on the altcoin’s 4-hour chart, as at press time. Currently, the crypto’s price is attempting to challenge the key resistance level at around $1.4038. A break above this level w...