At least 50% of the incremental funds were sucked by these new coins, and another part was the selling pressure caused by the unlocking of new coins. ARB was launched in March 23, with an initial circulation of 1.275 billion. Calculated at a price of 1.25 USDT, the initial circulation market value was 1.02 billion. The current circulation quantity is 3.232 billion! The current circulation market value of ARB is 2.46 billion, but the token price has fallen by about 40%. If the increase in the circulation market value is understood as a net inflow of funds, but the holders are still losing money, then the funds can only flow to the unlocked part.

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