Arbitrum to unlock $2.32B in vested tokens on March 16
Token Unlocks highlighted that Arbitrum will do a “Cliff Unlock,” where tokens are released in a lump sum at the deadline.
Layer-2 blockchain network Arbitrum is set to unlock $2.32 billion worth of vested Arbitrum (ARB) tokens on March 16.
Data from digital asset tracker Token Unlocks show that Arbitrum will release around 1.1 billion in locked ARB tokens. The amount is around 76% of the circulating supply of the token and is worth $2.32 billion at the time of writing.
Arbitrum will unlock 673.5 million tokens, worth around $1.41 billion, for its team and advisers. For its investors, Arbitrum will be releasing 438.25 million tokens, currently worth about $915 million. Token Unlocks also highlighted that this will be a “Cliff Unlock,” where no tokens are released initially until a “cliff,” which is the unlock date. A lump sum of tokens will be released into the market on the specified release day.
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