Arbitrum plans to carry out cliff unlocking of approximately 1.1 billion ARB tokens on March 16

ARB Arbitrum CLIFF OUT 2024-03-11 96
The Layer 2 blockchain network Arbitrum has announced plans to release $2.32 billion worth of ARB tokens on March 16th. This substantial token release, also known as a cliff unlock, is anticipated to bring approximately 1.1 billion ARB tokens into circulation, making up around 76% of the total supply of the token. This development is expected to have a significant impact on the market and could potentially influence the value and trading dynamics of ARB tokens.