MASSIVE $ARB UNLOCK 🤯 Red Flag? 🚩👇

Recently Arbitrum saw large investors moving million worth of tokens into Binance and other exchanges. As we can see from the data I reported in the picture, a significant token unlock happened on March 16th. Precisely 1.08 billions have been unlocked. Price reacted accordingly last week and dropped by 20% and right now it looks recovering slightly.

From a short / medium term prospective ARB may keeps its current price. Its community is very engaged and twitter score is outstanding (over 2000+). That's important because it affects new potential users/investors and long-term token holding. From a long term prospective, the token allocation and the monthly unlock of 93.65 million ARB tokens could potentially have a negative effect on the price. Thus, a new burn mechanism should be developed promptly; otherwise, investors may face dilution and fall in loss!

#ArbitrumUpdate #ArbitrumARB #AltcoinAlert #AltcoinNews #Altcoins2024