Arbitrum Treasury Now Holds Nearly $3B In ARB Tokens Thanks To Unclaimed Tokens
Portfolio Pulse from Murtuza Merchant
The Arbitrum Foundation has moved 69 million unclaimed ARB tokens to the network's treasury, which is now worth nearly $3 billion. This move was supported by 99.96% of token holders. The value of these tokens is estimated to be over $59 million based on current market rates.
September 25, 2023 | 1:08 pm
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POSITIVE IMPACT
The movement of unclaimed ARB tokens to the Arbitrum treasury could potentially increase the value of ARB tokens.
The movement of unclaimed tokens to the treasury reduces the circulating supply of ARB tokens, which could potentially increase the value of the remaining tokens. This is based on the basic economic principle of supply and demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100