How does Arbitrum [ARB] typically react after an unlock?
AMBCrypto
19 Sep 2023 2:30 AM
Arbitrum DAO is gearing up for a cliff unlock on 16 March 2024. This would populate the market with a whopping 1.11 billion ARB tokens....
- ARB tokenomics, particularly the token unlock feature, have been of significant interest in the crypto-space.
- ARB appreciated by 3% on the first day of unlocks, followed by a three-week downtrend causing a 21% price dip.
- After 25 days, prices started to recover dramatically, rising by nearly 19% from the unlock day.
- 49% of the maximum supply has been locked, while 51% remains unlocked.
- A cliff unlock is scheduled for March 16, 2024, which would release 1.11 billion ARB tokens, worth $907 million, and represent 87% of ARB's circulating supply.
- This event would trigger an unlock schedule with sixteen-day intervals over the next four years.
The sentiment of the article is mixed. It highlights both positive and negative aspects of ARB's tokenomics, including price fluctuations and upcoming challenges.
You May Ask
What has been the price performance of ARB after token unlocks?How much of ARB's maximum supply has been locked?What is the significance of the upcoming cliff unlock for ARB?How does ARB's token unlock feature impact its market dynamics?What is the current price and seven-day performance of ARB?Please note that the analysis is based on the given input article and may not reflect the complete context or latest information on the topic.