TOP-4 airdrop deflated?

Arbitrum ranks 4th in the top airdrops. In 2023, $1.97 billion ARB was distributed among users for retroactivity.

On the first day, $ARB traded at $1.32, and about a month later it rose to $1.64.

Now the situation is sad. The token has lost 70% of its price from the peak, 94% of holders are at a loss.

At the same time, the network feels great. It occupies the top 5 in TVL and consistently remains in the top 5 in the number of daily transactions.

Tomorrow, $92.65 million ARB will be unlocked.

56 million will go to the team, 36.5 million will go to investors.