Can ARB’s price absorb 92.65M new tokens without losing its pace?
On July 16th, 92.65 million ARB tokens (worth approximately $8.53 million) are scheduled to unlock, representing 1.65% of the current circulating supply. The release will be allocated to the Arbitrum team, advisors, and investors. While token unlocks do not always lead to immediate selling, they can impact price in the short term. Despite the impending event, ARB's price has recently recovered above $0.09, with technical indicators like RSI and MACD suggesting positive momentum and buyer dominance. Additionally, rising aggregated open interest and a positive funding rate indicate traders are largely holding optimistic, long positions. However, this sentiment could increase volatility if the market moves contrary to expectations. The key question remains whether buying demand will be sufficient to absorb the new token supply without disrupting the recent price recovery.
ambcrypto07/14 07:03
