How Can Arbitrum Network’s Token Unlock Affect the Market?

Arbitrum network is attracting attention with 92.65 million ARB tokens worth approximately 107 million dollars, which will be released into the market today. These tokens constitute 3.49% of the total circulating supply and will be accessible at 16:00 Turkish time. In the past, on March 16th, a similar event occurred when 1.11 billion ARB tokens were unlocked, representing 41.89% of the circulating supply. ARB Token Unlock The unlocking of these tokens can lead to specific reactions in the market. Especially, the release of a substantial amount of tokens may cause a short-term price decrease. While this situation provides a profit realization opportunity for buyers, it may pose a potential risk for sellers. Arbitrum Price Outlook Before the ARB Unlock Event Currently, the Arbitrum token price is facing strong resistance and entering a downward trend. A 10% decrease can be experienced with the newly released tokens, potentially pushing the ARB price […]

How Can Arbitrum Network’s Token Unlock Affect the Market?

Arbitrum network is attracting attention with 92.65 million ARB tokens worth approximately 107 million dollars, which will be released into the market today. These tokens constitute 3.49% of the total circulating supply and will be accessible at 16:00 Turkish time. In the past, on March 16th, a similar event occurred when 1.11 billion ARB tokens were unlocked, representing 41.89% of the circulating supply.

ARB Token Unlock

The unlocking of these tokens can lead to specific reactions in the market. Especially, the release of a substantial amount of tokens may cause a short-term price decrease. While this situation provides a profit realization opportunity for buyers, it may pose a potential risk for sellers.

Arbitrum Price Outlook Before the ARB Unlock Event

Currently, the Arbitrum token price is facing strong resistance and entering a downward trend. A 10% decrease can be experienced with the newly released tokens, potentially pushing the ARB price down to the psychological support level of 1 dollar. If this support is breached, the price could further decline to 0.8556 dollars, indicating a 25% decrease from current levels.

Useful Insights

Unlocking of ARB tokens can lead to sudden price changes in the market.
Short-term decreases present buying opportunities for investors, while posing a risk for long-term investors.
The 200-day SMA and the 1.71 dollar 50-day SMA levels should be closely monitored as significant resistance points.

In conclusion, the unlocking of Arbitrum network’s token can increase market volatility, and investors should closely monitor this development. Holding above a specific support level indicates the invalidation of the downward trend, emphasizing the importance of investors closely monitoring such developments and developing risk management strategies.

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