Will Arbitrum Price Decrease After Major Token Unlock?An algorithmic trading firm acquired a substantial 17.08 million ARB tokens, with market sentiment suggesting that the token unlock may not lead to a significant price downturn. Table of ContentsWintermute Trading, a marketplace broker, just added the Arbitrum [ARB] token to the list with a value of $36.3 million, ahead of its scheduled unlock on March 16.Information from Spot On Chain has shown that this is not the first time the market has bought this code. Currently, Wintermute Trading holds a total of 29.48 million ARB.

Token unlocking involves putting previously locked tokens into circulation, resulting in an increase in supply. However, if demand is not enough to satisfy the new supply, the price of this cryptocurrency may decline.A post explaining how a market maker bought many Arbitrum tokensSource: XArbitrum Token Unlocking ProgramThe Arbitrum token unlocking program is considered one of the most important events of the year. The Ethereum Layer 2 project is expected to issue 1.45 billion tokens on that date, representing 15.7% of total supply and valued at $2.93 billion.From the point of view of market brokers, the unlocking of Arbitrum’s tokens may not cause a price drop. In this case, the price decline may not last long due to confidence in the recovery.At the time of writing, ARB’s price is $2.01, down 6.50% in the last 24 hours. Despite the recent withdrawal, views on the project have changed. The sentiment around ARB has turned from negative to positive, as shown by tracking comments on the Arbitrum project. Therefore, the discussion about ARB on informationplatformsisbecomingoptimistic.Therefore, traders can place a high degree of confidence in long positions. Additionally, the significant change in the number of ARB holders is also an important factor.Chart showing an increase in the number of Arbitrum (ARB) holders as token unlock nearsSource: SantimentMaybe just the beginning?Three months ago, the number of ARB holders was 985,000, but as of now, this number has increased to 1.17 million