Nearly $60 million worth of airdropped tokens went unclaimed, Arbitrum: All tokens have been moved to the treasury
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Arbitrum: Almost $60 Million Airdrop Unclaimed
The Ethereum Layer 2 scaling solution Arbitrum gave a final reminder on the 22nd, stating that it has been almost 6 months since the Arbitrum Foundation airdropped governance token ARB and transitioned to DAO on March 23 this year, praising the process for its efficiency.
However, there are still 70 million ARB tokens left unclaimed, valued at over $59 million.
As the claiming deadline approaches, the Arbitrum Foundation will transfer all unclaimed ARB tokens to the DAO treasury at block height 18,208,000.
Despite some sporadic user claims after the Arbitrum announcement, a total of 69.44 million ARB tokens, worth approximately $56.49 million, were ultimately reclaimed by Arbitrum.
According to Dune Analytics, Arbitrum airdropped a total of 1.275 billion ARB tokens, with 93% of users having claimed them.
The 69,448,385 unclaimed ARB remaining in the token claim contract has officially been moved to the #ArbitrumDAO treasury as outlined in AIP-7
Tx link:https://t.co/vto7Vr7r44
AIP-7:https://t.co/2VggkBH9W9
You cannot claim those tokens anywhere.
Please be safe out there!๐๐งก https://t.co/sY6MmKl09hโ Arbitrum (๐,๐งก) (@arbitrum) September 25, 2023
Reviewing the Arbitrum (ARB) Community Price Predictions
After the initial announcement of the Arbitrum airdrop, which generated significant hype and outperformed fellow Layer 2 scaling solution Optimism, the crypto community had generally higher price expectations for the ARB token compared to OP.
However, according to CoinMarketCap, while ARB ranks slightly higher at 40th in market cap compared to OP's 42nd, its price is lower at $0.8 versus OP's $1.26.
ARB has seen a larger price drop of -93% compared to OP's -72.4%.
Review Predictions:
Arbitrum Airdrop In-Depth Analysis: Understanding ARB Value and How to Claim Arbitrum Airdrop
Arbitrum Airdrop Finally Happened! ARB Token Price Predictions: Generally Expected to be Higher than Optimism
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