Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets By Cointelegraph

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Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets

Published Mar 24, 2023 07:09AM ET Updated Mar 24, 2023 06:40PM ET

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Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets

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As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain activity shows that airdrop hunters consolidated tokens worth around $3.3 million collectively from 1,496 wallets into two wallets.

According to the blockchain analysis platform Lookonchain, one wallet received 1.4 million ARB from 866 addresses. The account then added all the ARB received to the decentralized exchange Uniswap to provide liquidity. The 1.4 million ARB tokens are worth around $2 million at the time of writing. On the other hand, another wallet received 933,375 ARB from 630 addresses, worth around $1.38 million.

Community member shares their opinion on the on-chain activity. Source: Twitter

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