Arbitrum plans to carry out cliff unlocking of approximately 1.1 billion ARB tokens on March 16

ARB Arbitrum CLIFF OUT 2024-03-11 38
The Layer 2 blockchain network Arbitrum is set to release $2.32 billion worth of ARB tokens on March 16th. This significant event, known as a cliff unlock, will see the release of approximately 1.1 billion ARB tokens, representing a substantial 76% of the token's circulating supply. As the crypto community eagerly awaits this unlock, it is expected to have a significant impact on the market and the network's ecosystem as a whole. This release will provide liquidity and potentially affect the price and overall dynamics of the ARB token.