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Arbitrum, a layer-2 scaling answer for Ethereum, just lately launched an airdrop marketing campaign for its native token, ARB, inflicting a frenzy amongst cryptocurrency fanatics. On-chain exercise confirmed that some airdrop hunters have been notably profitable in accumulating a considerable quantity of ARB tokens price thousands and thousands of {dollars}.
In keeping with LookIntoChain, a blockchain evaluation platform, two wallets consolidated tokens from 1,496 wallets, collectively holding round $3.3 million price of ARB. One of many wallets obtained 1.4 million ARB from 866 addresses and added all of the tokens to Uniswap, a decentralized trade, to offer liquidity. The opposite pockets obtained 933,375 ARB from 630 addresses.
Group members have been curious concerning the identities behind the wallets and formulated their very own theories. Some believed that the airdrop hunters have been crew members of the mission, whereas others speculated that they is perhaps hackers. A number of members additionally expressed issues concerning the potential impression on transaction volumes.
Regardless of the blended reactions, some praised the airdrop hunters for his or her efforts, calling them names like “airdrop god.” Others believed that the hunters spent important time and capital farming the numbers to build up such a lot of tokens.
The hype across the ARB airdrop additionally spilled over into the over-the-counter (OTC) markets, the place eligible crypto customers began promoting their tokens quickly after the announcement. This means a powerful demand for the token out there.
Nevertheless, the airdrop craze additionally attracted the eye of hackers. On March 24, some hacked vainness pockets addresses have been used to steal $500,000 price of ARB tokens from eligible airdrop members, elevating issues about safety dangers in airdrop campaigns.
In conclusion, the ARB airdrop marketing campaign generated important consideration from the cryptocurrency group, with some profitable airdrop hunters consolidating thousands and thousands of {dollars} price of tokens. Whereas the marketing campaign was profitable in attracting new customers and creating hype, it additionally uncovered potential dangers related to airdrop campaigns, reminiscent of safety vulnerabilities and market volatility.
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