Arbitrum Unlocks 92.65M ARB Tokens on July 16th Valued at $8.53M

Arbitrum is scheduled to unlock 92.65 million ARB tokens on 16th July, valued at approximately $8.53 million. The unlock represents 1.65% of the token's currently released supply and will be distributed between team members, advisors, and investors. Token unlocks introduce new supply into circulation, though immediate market impact depends on how recipients manage their holdings.

Arbitrum Schedules 92.65 Million ARB Token Unlock

The unlocked tokens will be divided between two main groups. Around 56.13 million ARB will go to the Arbitrum team, future team members, and advisors. The remaining 36.52 million ARB will be allocated to investors.

Separately, 10% of fees collected from Robinhood Chain and other Arbitrum Layer-2 networks will be directed to the Arbitrum ecosystem. This development is separate from the token unlock.

ARB Price Recovers Above $0.09 Ahead of Unlock

ARB recovered on the charts in recent sessions. After falling towards the $0.07 range, the altcoin moved back above $0.09.

The RSI was near 63 at press time. MACD also turned positive.

Derivatives Market Shows Long Positioning

ARB's Aggregated Open Interest reached around $60.9 million at press time. The average funding rate was positive at 0.0083%. Long positions appeared to be outweighing short positions.

FAQ

How many ARB tokens will be unlocked on 16th July? 92.65 million ARB tokens are scheduled to enter circulation on 16th July, valued at approximately $8.53 million and representing 1.65% of the currently released supply.

Who will receive the unlocked ARB tokens? The tokens will be divided between two groups: around 56.13 million ARB will go to the Arbitrum team, future team members, and advisors, while the remaining 36.52 million ARB will be allocated to investors.

What is ARB's current price level? ARB moved back above $0.09 after falling towards the $0.07 range in recent sessions, with the RSI near 63 and MACD turning positive at press time.