ARB Prime Airdrop Receivers Proceed to Hodl: Tokens’ Worth Leap by $7M

• Prime receivers of the ARB DAO airdrop proceed to carry 70% of the tokens. 
• The worth of the airdropped token soared up to now day by $7M as ARB hit a brand new ATH. 
• ARB at the moment sells at $2.28 apiece, a slight drop from the just lately recorded ATH of $2.38.

Prime beneficiaries of the Arbitrum DAO airdrop proceed to hodl the vast majority of the tokens they obtained over eight months in the past, on-chain information analytics platform SpotOnChain reported. 

In a publish on social media platform X (previously Twitter), the info tracker famous that 4 of the ten airdrop receivers nonetheless maintain 70% of the tokens they obtained. At present, the tokens held by the accounts sum as much as 15.74M ARB, value round $35M at present market costs. 

In the meantime, on the time of SpotOnChain’s report, ARB’s worth was on an upward climb. In that interval, the token hit a brand new all-time excessive of $2.38 following a 23% enhance. In line with SpotOnChain, the sporadic rise in ARB’s worth noticed the price of the tokens held by the DAOs enhance by $7.08 million.

Nevertheless, the upward pattern has since cooled, information from CoinMarketCap reveals. On the time of press, the token is exchanging arms at $2.28, up 19.60% up to now 24 hours. Commerce quantity has soared equally following a 77% enhance within the abovementioned interval. 

The uptick in Arbitrum’s worth follows weeks of sustained curiosity within the Layer-2 blockchain. Following a meme coin-led buzz on Solana that has since cooled, curiosity in Arbitrum rose considerably. 

In the beginning of the yr, transaction quantity on the community surpassed Solana. The increase got here after the full worth locked on the blockchain crossed $2.5 billion, evidencing elevated crypto buyers’ curiosity. Presently, there may be over $2.6 billion TVL on Arbitrum, in line with information from DeFiLama. 

In the meantime, XAI, a layer-3 gaming platform constructed on Arbitrum, distributed airdrops value over $70 million to avid gamers yesterday. Following studies of the airdrop, XAI’s worth jumped and at the moment trades at $0.6372, a 20% enhance up to now 24 hours.