With Ethereum (ETH) layer-2 network Arbitrum set to airdrop its tokens to users next week, community expectations have risen, pushing an IOU version to above $10 on little-known exchanges, HotBit and XT.com.

According to CoinMarketCap data, ARB IOU traded for as high as $10.30 on March 17 but has fallen to $9.5 at the time of writing. While the IOU token’s current price might not reflect the asset’s value when it launches, it shows the level of interest surrounding the token.

Community Speculates on ARB’s Value

The IOU asset price performance has drawn several community speculations, with many showing more optimism about the asset.

Jason Choi, an investor with crypto investment fund Tangent, said the ARB IOU token valuation places it at “a $100B FDV, making it the third most valuable crypto asset.” However, he added that he does not “think Hotbit IOUs are reliable.”

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Author: Oluwapelumi Adejumo

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