In Brief:
- Arbitrum’s homepage briefly crashed as users rushed to claim their ARB tokens.
- The majority of eligible wallet addresses are expected to receive 625 tokens.
- The claiming process resulted in unexpected errors such as RPC limit “exceeded.”
- Early claimants likely sold their holdings on the market as the price of ARB fell from a high of $8.67 to $1.4 in the first 30 minutes after claims began.
The Arbitrum airdrop of its ARB token caused quite a stir in the cryptocurrency community. Now that the airdrop can be claimed, users will be eager to receive their free tokens. Users may, however, encounter difficulties in claiming the token, as was the case with the Optimism OP airdrop. Experts on “Crypto Twitter” have shared step-by-step instructions on how to get ARB tokens without problems.
Arbitrum DEX trade volume increased 32% ahead of the ARB token airdrop on March 23, surpassing BNBChain and ranking second only to Ethereum. Experts predict liquidity injection and an increase in trade volume in Arbitrum ecosystem projects with the upcoming airdrop.
Unexpected Errors During Claiming Process
Just as Arbitrum opened the gates to its ARB token, the project’s landing page briefly crashed. The majority of eligible wallet addresses are expected to receive 625 tokens. Nevertheless, the claiming process resulted in unexpected errors. A source from MetaMask says that the “Write” option gave errors like “RPC limit exceeded” when it was used.
Early Claimants Likely Sold Holdings
The early claimants most likely sold their holdings on the market as the price of ARB fell from a high of $8.67 to $1.4 in the first 30 minutes after claims began, per CoinGecko data.
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