{"id":172912,"date":"2023-03-23T15:27:08","date_gmt":"2023-03-23T15:27:08","guid":{"rendered":"https:\/\/precoinnews.com\/?p=172912"},"modified":"2023-03-23T15:27:08","modified_gmt":"2023-03-23T15:27:08","slug":"arbitrum-airdrop-now-live-arb-trades-below-2-amid-heavy-volatility","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/arbitrum-airdrop-now-live-arb-trades-below-2-amid-heavy-volatility\/","title":{"rendered":"Arbitrum Airdrop Now Live, ARB Trades Below $2 Amid Heavy Volatility"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/03\/Arbitrum-Airdrop-Now-Live-ARB-Trades-Below-2-Amid-Heavy-Volatility-770x404.jpg\"><img alt='Naga' src='https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/cropped-IMG-6187-1-50x50.jpg\"><\/p>\n<p>Summary: <\/p>\n<ul>\n<li>Trading for Arbitrum\u2019s hyped ARB governance token went live on Thursday, Mar.23 after the airdrop was announced last week.<\/li>\n<li>ARB trading kicked off across centralized crypto exchanges like BitMEX, Binance, Bitfinex, Kraken, and decentralized exchanges like Uniswap.<\/li>\n<li>The ARB airdrop heralds a new era for the Arbitrum ecosystem packed with a self-executing DAO and L3 developers stack for builders.<\/li>\n<\/ul>\n<p>Arbitrum&#8217;s hyped ARB token entered the crypto market on Thursday amid massive token claims and price volatility after the Ethereum layer 2 scaling protocol announced its airdrop on Mar. 16 last week. <\/p>\n<p>The front end for token claims was temporarily down on Thursday as users flocked to secure their tokens from Abritrum&#8217;s website. Following the issue, the protocol reminded users that they have six months to claim their ARB coins. <\/p>\n<p>Remember #Arbinauts, you have 6 months to claim your tokens! Gas fees will be quite high, and there will be server congestion.<\/p>\n<p>ARB&#8217;s price started as high as $11 on some trading venues before dipping below $2, a common price action after a crypto airdrop. Traders also experienced significant price volatility during the OP airdrop from Optimism, another Ethereum L2 scaling solution. <\/p>\n<p>The ARB airdrop started at block height 16,890,400 around 9 AM EDT. Eligible users can claim from 1.16 billion ARB tokens airdropped by the L2 project. Users have claimed around 124 million ARB coins, accounting for roughly 10% of the airdrop per a Dune Analytics dashboard. Decentralized crypto exchange GMX became one of the largest single holders of ARB with 8 million tokens. <\/p>\n<h2>Power In The Hands Of Arbitrum Users<\/h2>\n<p>The ARB tokens will confer governance rights to claimants as a reward for early adoption and user activity over the past 12 months. ARB holders can choose to participate in a self-executing decentralized autonomous organization (DAO) which will now oversee two networks &#8211; Arbitrum One and Nova. <\/p>\n<p>This DAO can automatically pass and execute on-chain changes to these networks but will also feature a 12-member security council to guard against rogue governance proposals and changes. <\/p>\n<p>Source: <a href=\"https:\/\/en.ethereumworldnews.com\/arbitrum-airdrop-live-arb-below-2\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":172911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arbitrum Airdrop Now Live, ARB Trades Below $2 Amid Heavy Volatility - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/arbitrum-airdrop-now-live-arb-trades-below-2-amid-heavy-volatility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arbitrum Airdrop Now Live, ARB Trades Below $2 Amid Heavy Volatility - 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