1.11B $ARB($2.26B, 76.62% of Cir. supply) will be unlocked in 4 days!
Among them, 673.50M $ARB ($$1.37b) is unlocked for team, future team and advisors, 438.25M $ARB ($894.03M) is unlocked to investors.
Bullish or bearish?
1/🧵
Thread about $ARB
2/ Tokenomics
Total supply: 10B $ARB
3.528B $ARB(35.28%) for Treasury
2.694B $ARB(26.94%) for Team, Future Team and Advisors
1.753B $ARB(17.53%) for investors
1.162B $ARB(11.62%) for Users (airdrop)
750M $ARB(7.5%) for Foundation
113M $ARB(1.13%) for DAOs (airdrop)
3/ Funding Rounds
Offchain Labs raised a $3.7M Seed round on Apr 3, 2019 led by Pantera Capital.
3 hours ago, the whale withdrew 450 $ETH($987K) from #Bybit, deposited it into #Aave and borrowed 1M $USDT, then used the 1M $USDT to buy 452.5 $ETH at $2,210.
3/ The whale bought 1.27M $RBN($410K) at $0.32, bought 28,474 $SNX($110K) at $3.85, and bought 284 $wTAO($94K) at $330 recently.
dydx will unlock 150M $DYDX($505.5M, 81.63% of Cir. Supply) on Dec 1, of which 83.19M $DYDX($280.35M, 46.15% of Cir. Supply) unlocked to Investors.
Will unlocking bring huge selling pressure?
Did whales/SmartMoney buy or sell $DYDX?
1/🧵
Here is what you need to know.
2/ According to the token allocation of #dydx, 50%(500M $DYDX) is allocated to investors, founders, employees, advisors, consultants and future employees & consultants.
Of which, 30%(150M $DYDX) of them will be unlocked on Dec 1.
3/ On-chain data shows that the #dydx Foundation has sent tokens to investor addresses, including a16z crypto, Defiance Capital, and Polychain Capital.