Arbitrum Blockchain Airdrops $120M in ARB Tokens to DAOs; Some Dump, Some Look to Bolster Themselves

For some, like Vesta Finance, the airdrop supplied a multimillion-dollar stimulus: The venture was eligible for two.7 million arb tokens, price just below $6 million, regardless of holding solely $3 million in its treasury. This will permit the venture to, over time, promote the tokens to bolster its personal growth and even present token incentives to customers to additional jumpstart exercise.