Arbitrum ARB IOU Token Trades Around $10 


With Ethereum (ETH) layer-2 network Arbitrum set to airdrop its tokens to users next week, neighborhood expectations have actually increased, pressing an IOU variation to above $10 on obscure exchanges, HotBit and

According to CoinMarketCap information, ARB IOU traded for as high as $10.30 on March 17 however has actually been up to $9.5 at the time of composing. While the IOU token’s present rate may not show the possession’s worth when it releases, it reveals the level of interest surrounding the token.

ARB IOU Rate Efficiency (Source: CoinMarketCap)

The IOU possession rate efficiency has actually drawn numerous neighborhood speculations, with numerous revealing more optimism about the possession.

Jason Choi, a financier with crypto mutual fund Tangent, stated the ARB IOU token evaluation positions it at “a $100B FDV, making it the 3rd most important crypto possession.” Nevertheless, he included that he does not “believe Hotbit IOUs are dependable.”

Another crypto trader Ziv presumed that the ARB buzz might catapult the possession into the leading 10 crypto properties by market cap. Other neighborhood members who share the very same view think ARB would benefit from the present bull run of the crypto market.

On the other hand, DeFi scientist Johannes pointed out that NFT market Blur’s IOU token traded at a much greater evaluation of $32 however dropped to around $0.8 at launch. Numerous others likewise forecasted that the token’s worth would dispose at launch.

Leading Exchanges Reveal ARB Listing

Leading crypto exchanges like Huobi, MEXC, Bitrue, and ByBit have actually dedicated to noting the layer2 scaling option token on March 23.

ByBit exposed a trading set of the token with the 2 leading stablecoins, USDT and USDC. The exchange likewise advised users to stake ARB tokens with its platform to make more benefits.

On the other hand, Huobi stated it would begin processing withdrawals for the token from March 17 and use a trading set in USDD and USDT. MEXC Worldwide exposed that ARB would be noted in its Development Zone

Nansens States Over 600,000 Addresses Qualified For ARB Airdrop

Blockchain analytical company Nansen stated 625,143 addresses are qualified for the ARB token airdrop. The company included that the mean airdrop size is 1,250 ARB, while more than 4,400 addresses can declare 10,250 ARB.

Arbitrum Airdrop Size
Arbitrum Airdrop Size (Source: Nansen)

On the other hand, some users have actually grumbled that they were omitted from the airdrop regardless of fulfilling the requirement.


BeInCrypto has actually connected to business or specific associated with the story to get a main declaration about the current advancements, however it has yet to hear back.

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