Ethereum‘s leading Layer 2 network Arbitrumhas started token distribution to eligible decentralized autonomous organizations (DAOs) in its ecosystem.
On-chain data from Arbitrum provides substantial amounts of data to the foundation’s approximately 130 DAO addresses today. ARB showed that he transferred the token.
Popular cryptocurrency analysis platform after this distribution lookonchain90.15 million to Arbitrum’s 131 DAO addresses during the day ARB He said he did the airdrop (worth $118 million).
Sharing the list of airdropped addresses, Lookonchain said that after receiving the TRIDENT’s ARBs, it sold 131,345 ARBs (worth $172,000) at $1.31 through 3 addresses.
“Arbitrum airdropped 90.15 million ARB ($118 million worth) to 131 DAO addresses 8 hours ago. Here are the addresses that receive airdrops.
Specifically, the whale named TRIDENT sold 131,345 ARBs for $1.31 through 3 addresses after buying 257,540 ARBs (worth $337,000).
Arbitrum airdropped ~90.15M $ARB ($118M) to 131 DAO addresses 8 hrs ago.
Here is the list (most addresses identified).👇https://t.co/YOBREPZaiNhttps://t.co/yfvVpxlRfE pic.twitter.com/Iok9YIbb1C
— Lookonchain (@lookonchain) April 25, 2023
Time will tell if airdropped addresses will sell their ARBs.
Ranked 35th among the top 100 cryptocurrencies ArbitrumIt is trading at $1.32, down 1.73% in the last 24 hours.
*Not investment advice.
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