At 8:00 p.m. on February 16, ARB unlocked more than 1,111,175,000 ARB tokens, bringing the total circulating supply of ARB at that time to 2,386,750,000 ARB.
And if we calculate the current price ~2$ , ARB's MarketCap will be 4,773,500,000$ (~$4,777 billion). This would make ARB MarketCap larger than OP's MarketCap.
ARB and OP are in the race for top 1 Layer2, moreover, the Dencun ETH upgrade will take place tomorrow, March 13.
If investors want to sell, they will definitely have to push up the price to create large liquidity, but personally, the MarketCap at that time was already large so I think it will be difficult for the price to increase sharply, maybe the price will decrease slightly and sideways.
This is my opinion, what do you guys think about ARB price in the next few days.
