While the launch of Blast and the long-awaited airdrop of the Starknet token in the Layer 2 sector recently caused a lot of discussion, the focus next month will be on Arbitrum.
A serious token unlock is pending for Arbitrum. Projects that are new to the market often retain a portion of the total amount in circulation. This includes tokens that will be distributed to seed investors, developers or other stakeholders at a later date.
While Optimism (OP) and Manta (MANTA) already saw comparatively small distributions in February, Arbitrum will release almost 90 percent of the current circulating supply (approx. 2.1 billion US dollars) in one fell swoop. In theory, this could massively dilute the holdings of ARB hodlers.
However, it seems unlikely that issuers will actually sell such quantities. The price could collapse so much that any gains would be put into perspective. Still, ARB investors should not ignore the potential for continued selling pressure.
You can read about the current trends in the Layer 2 sector and what is now important for investors in the new BTC-ECHO Ethereum Report.
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