Arbitrum (ARB) is gearing up for a monumental token unlock scheduled for March 2024, poised to inject a staggering 1.11 billion ARB tokens, worth approximately $907 million at current market prices, into the cryptocurrency market.
Token unlocks refer to the release of previously restricted or vested tokens into circulation. These events often have significant consequences on the price and sentiment surrounding a cryptocurrency.
They can introduce inflationary pressure into the market and act as bearish catalysts, causing traders to closely monitor their schedules.
Is anyone curious about the pre/post-unlock analysis of @arbitrum ?
There was only one cliff unlock of $ARB Here are the price impact results after the unlocks;
– On the first day after unlocks, the price rose by 3%