Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the past day’s trading sessions, ARB has decreased by 9.8% against the U.S. dollar.

Top Ten ARB Addresses Hold 94.41% of Current Circulating Supply

According to statistics recorded on Saturday, March 25, 2023, Arbitrum’s native governance token, ARB, is now the 37th largest cryptocurrency by market capitalization. The governance token for the layer two Ethereum scaling project has a larger market valuation than Optimism’s governance token, OP, which is the 66th largest by market capitalization on Saturday.

ARB’s overall market valuation is $1.58 billion, and 24-hour trading statistics show a range from $1.19 to $1.39 per unit of ARB over the last day. Data from Dune Analytics indicates that 968.71 million of the 1.275 billion ARB tokens have been claimed so far, accounting for 83.4% of the claimable tokens on March 25.

Currently, there are 247,700 unique ARB holders, and the top ten addresses hold 94.41% of the ARB in circulation. The Arbitrum Foundation’s DAO Treasury holds roughly 3.52 million ARB, and the second-large

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Author: Jamie Redman

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