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 it…
