Arbitrum ($ARB )
Unlock Date: July 16
Number of tokens to be unlocked: 92.65 million ARB (0.93% of total supply)
Current circulation: 4.96 billion ARB
Total supply: 10 billion ARB
Arbitrum is a Layer 2 scaling solution for Ethereum, designed to speed up transactions and reduce their costs. The network uses an optimistic rollup protocol to process transactions off-chain while maintaining the security and decentralization of Ethereum.
On July 16, the team will release 92.65 million tokens, accounting for 1.87% of the current circulation. Their value is $39.3 million.
Of the 92.65 million tokens, the team, future team, and advisors will receive 56.13 million ARB. Arbitrum will allocate 36.52 million tokens to investors.
This week, investors may also pay attention to other significant token unlocks, such as Connex (CONX), LayerZero (ZRO), and Melania Meme (MELANIA).
