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Arbitrum Token Settles at $1.38 Amid Airdrop Claim Chaos
The Arbitrum claim website remains down almost an hour after the airdrop launched.
Updated Mar 23, 2023, 2:46 p.m. Published Mar 23, 2023, 1:54 p.m.
The Arbitrum token (ARB) is now trading at around $1.38 across centralized and decentralized exchanges after a turbulent launch.
There has been a total of $27 million in trading volume in the first hour since the claim opened, according to CoinGecko, which aggregates token prices from exchanges like Uniswap, Kucoin and Bybit.
The front end of the Arbitrum website, which is where the majority of users will claim tokens, remains down under heavy server load. Users can still claim their airdrop by executing a command directly with the smart contract.
Prices are expected to be volatile after the claim website comes back online.
Oliver Knight
Oliver Knight joined CoinDesk as a news reporter in April 2022. Before joining CoinDesk, Knight was the Chief Reporter at Coin Rivet for three years. Having graduated with a journalism degree from Birmingham City University, Knight went on to work at various sports publications before diving into the world of Bitcoin in 2014. He does not have any crypto holdings.
