Recently, the long-awaited airdrop was realized. Ethereum (ETH) Layer-2 protocol Arbitrum, distributed ARB tokens to deserving users.
The bankrupt cryptocurrency exchange among the beneficiaries of this airdrop FTX’It turned out that there was.
According to the news of Coindesk, in a wallet controlled by the FTX bankruptcy office, approximately 33,125 worth $42,000 ARB has token.
This wallet is also worth $10 million USD Coin (USDC)worth about 3 million dollars Wrapped Bitcoin (WBTC) and worth $4 million Ethereum (ETH) exists.
According to the data, all these tokens in the wallet are in a network where FTX’s sister company, Alameda Research, has been active and providing liquidity to protocols such as Sushi and Stargate Finance since 2021. Arbitrum located on the blockchain.
While it is not known whether FTX bankruptcy desk will sell the ARB tokens received from the airdrop yet, the bankruptcy desk continues to keep all of the tokens in a single wallet.
The price of ARB, which opened for trading last Thursday, rose above $10 when it was first listed.
However, after a major decline ARBcontinues to trade at $1.27 with a market capitalization of $1.6 billion.
Considering the market volume, it is considered that FTX’s sale of all ARB tokens will not have a big impact on the price.
*Not investment advice.
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