FxWirePro- Token Unlock Tomorrow (ARB)

Tomorrow, Arbitrum (ARB) will unlock 92.65 million ARB tokens, worth about $59.63 million. This is important because it represents around 2.3% of the total circulating supply of 3.97 billion ARB tokens.

Unlock Details

• Unlock Date: November 16, 2024
   
• Total Tokens Unlocked: 92.65 million ARB
   
• Current Circulating Supply: 3.97 billion ARB

Token Distribution-

When tokens are unlocked, it can lead to price changes and affect how investors feel about the token. The Arbitrum team has tried to manage these events in the past to lessen any negative impact on the token’s price. As the unlock date gets closer, market watchers are paying close attention to how Arbitrum's price and trading volume react to the new tokens becoming available.

ARBUSD support and resistance-

Resistance - $0.700

Support- $0.40