On-chain analytics platform SpotOnChain reported, Arbitrum The biggest beneficiaries of the DAO airdrop continue to hold most of the tokens they received eight months ago.
According to on-chain data, the addresses that received the airdrops continue to hold 70% of the tokens. This means there are a total of 15.74 million ARB tokens. The total value of these tokens is around 35 million dollars.
As Koinfinans.com reported, the Arbitrum price was moving upwards at the time of SpotOnChain’s report. During this period, the token reached an all-time high of $2.38, following a 23% increase. According to SpotOnChain, the erratic rise in ARB’s price saw the value of tokens held by DAOs increase by $7.08 million.
However, the uptrend has since stagnated, according to data from CoinMarketCap. At press time, the token was trading at $2.28, up 19.60% in the last 24 hours. Following a 77% increase in the above-mentioned period, transaction volume also managed to increase at the same rate.
On the other hand, Arbitrum surpassed Solana’s transaction volume and recorded a locked value of $2.5 billion.
XAI, a layer-3 gaming platform built on Arbitrum, airdropped over $70 million to players yesterday. Following airdrop reports XAIThe value of has jumped and is now trading at $0.6372, up 20% in the last 24 hours.