Arbitrum IOU Token Trades Round $10 as Main Exchanges Checklist ARB

With Ethereum (ETH) layer-2 community Arbitrum set to airdrop its tokens to customers subsequent week, group expectations have risen, pushing an IOU model to above $10 on little-known exchanges, HotBit and XT.com.

In response to CoinMarketCap knowledge, ARB IOU traded for as excessive as $10.30 on March 17 however has fallen to $9.5 on the time of writing. Whereas the IOU token’s present value may not mirror the asset’s worth when it launches, it reveals the extent of curiosity surrounding the token.

Neighborhood Speculates on ARB’s Worth

The IOU asset value efficiency has drawn a number of group speculations, with many displaying extra optimism in regards to the asset.

Jason Choi, an investor with crypto funding fund Tangent, mentioned the ARB IOU token valuation locations it at “a $100B FDV, making it the third most beneficial crypto asset.” Nonetheless, he added that he doesn’t “suppose Hotbit IOUs are dependable.”

One other crypto dealer Ziv posited that the ARB hype might catapult the asset into the highest 10 crypto belongings by market cap. Different group members who share the identical view consider ARB would revenue from the present bull run of the crypto market.

In the meantime, DeFi researcher Johannes talked about that NFT market Blur’s IOU token traded at a a lot larger valuation of $32 however dropped to round $0.8 at launch. A number of others additionally predicted that the token’s worth would dump at launch.

High Exchanges Announce ARB Itemizing

High crypto exchanges like Huobi, MEXC, Bitrue, and ByBit have dedicated to itemizing the layer2 scaling answer token on March 23.

ByBit revealed a buying and selling pair of the token with the 2 high stablecoins, USDT and USDC. The alternate additionally urged customers to stake ARB tokens with its platform to earn extra rewards.

In the meantime, Huobi mentioned it could begin processing withdrawals for the token from March 17 and provide a buying and selling pair in USDD and USDT. MEXC International revealed that ARB can be listed in its Innovation Zone

Nansens Says Over 600,000 Addresses Eligible For ARB Airdrop

Blockchain analytical agency Nansen mentioned 625,143 addresses are eligible for the ARB token airdrop. The agency added that the median airdrop measurement is 1,250 ARB, whereas greater than 4,400 addresses can declare 10,250 ARB.

Arbitrum Airdrop Measurement (Supply: Nansen)

In the meantime, some customers have complained that they had been excluded from the airdrop regardless of assembly the criterion.