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The Arbitrum community has begun selling unreleased ARB tokens on over-the-counter (OTC) markets.
have secured 6-figs of $ARB OTC at an avg. price of $0.98
wish me luck
— Cole (@cole0x) March 21, 2023
An investor under the pseudonym cole0x said that he managed to sell a “six-figure amount” of coins at a price of $0.98.
The process of selling unissued tokens on OTC markets takes place directly between the parties. Typically, the buyer sends funds to the seller’s bank account. The latter, upon reaching an agreement on the price, transfers access to the wallet, to which the coins should be credited after the airdrop, refusing his seed phrase.
Courses under this scheme can vary significantly. An anonymous user told Cointelegraph that the hype surrounding the ARB early sale is based on assumptions about the market cap of the token at launch.
The community believes that the price of a coin at the start can reach $1, so now it is being sold at $0.5.
The expectations of market participants regarding the future price of the token are mostly optimistic. User under the nickname Viperr.eth said that he managed to sell ARB at the rate of $1.1.
$ARB already selling for over $1.10 on OTC groups.
Love to see it. pic.twitter.com/Od8eGSTB8m
— Viperr.eth 🐍 (@CryptoSources) March 18, 2023
The Arbitrum developers have scheduled an airdrop of the token for March 23, followed by a transition to a decentralized governance (DAO) model.
The team will distribute 44% of the total supply of 10 billion ARB to early adopters and investors. In addition, the community and the DAO will receive assets that will allow them to control 56% of the votes. The first stage includes the distribution of 12.75% of the total number of coins.
Cryptocurrency exchanges Binance and Huobi have set a listing date for the new coin on March 23rd.
Recall that in March 2023, several security companies warned the community about fake sites with ARB airdrops.
Later, Arkham experts reported that the hacker sent small amounts of Ethereum to several hacked wallets to redirect Arbitrum tokens.
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