Arbitrum to Release 92.65 Million ARB in Fresh Token Unlock This Week

Arbitrum is set to release 92.65 million ARB tokens in a fresh token unlock event this week, according to data from the Token Unlock app. This particular token unlock, referred to as a “Cliff Unlock,” will inject approximately $110 million into the crypto market. The release represents 3.49% of the circulating supply of ARB tokens. The previous token unlock event, which occurred a month ago, released 1.11 billion ARB tokens, equivalent to $2.09 billion. The upcoming event is closely watched by the crypto community as it has the potential to impact the price of ARB tokens. In the past, token unlocks have led to short-term price decreases, but the market dynamics can influence the outcome. It is important to note that the information provided in this article is for informational purposes only and should not be considered financial advice.