ArbInu token It has attracted attention by increasing 80% in the last 24 hours. The reason for the surprising price action of the Shiba Inu rival meme coin was the announcement of the long-awaited airdrop of ARB, the native token of Ethereum’s leading Layer 2 solution Arbitrum.
ArbitrumThe airdrop date for ARB, ‘s native token, is set for March 23. With a total circulation volume of 10 billion, 11.5% will be distributed to the first users of the network. According to DefiLlama, currently Arbitrum is the fourth largest blockchain in terms of total locked value and second only to Ethereum in terms of volume over the last 24 hours.
What is ArbInu (ARBINU)?
The developers have introduced ArbInu from Dogecoin (DOGE) and Shiba Inu (SHIB) to Arbitrum’s first meme coinidentifies as . According to Arbiscan, the token has a total supply of 1 billion, which currently brings its capitalization to $5.48 million. The number of token wallets is quite low, but there is one that stands out from the crowd as it holds 26% of the total supply.
According to Nomics, at the same time as the triple-digit percentage increase in token price, trading volume increased by 500%. 78.8% of all ArbInu transactions take place on the central platform, which is not unexpected. This is because the token is already listed on two high-volume exchanges, BitGet and XT.
You can follow the current price action here.