Arbitrum’s ARB token has experienced a nearly 3% decline in the last 24 hours, currently priced at 0.4080 USD ahead of a significant unlock event.
On May 16, approximately 92.65 million ARB tokens valued at around 37.8 million USD will be unlocked, representing nearly 2% of the total supply, potentially increasing market volatility.
Despite the price dip, trading volume for ARB surged over 32%, reaching 312.7 million USD, indicating traders are reacting to the upcoming token release.
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