Arbitrum will unlock 92.65 million ARB tokens on July 16, valued at approximately $8.53 million and representing 1.65% of the token’s currently released supply. The unlock distributes 56.13 million ARB to the Arbitrum team, future team members, and advisors, while 36.52 million ARB goes to investors. Despite the event, ARB has recovered from $0.07 to above $0.09. Aggregated Open Interest reached around $60.9 million, and the average funding rate was positive at 0.0083%, indicating long positions outweighing shorts.
On July 16, 92.65 million ARB tokens are scheduled to enter circulation. The release is valued at around $8.53 million and represents 1.65% of the token’s currently released supply.
The unlocked tokens will be split between two groups. Around 56.13 million ARB will go to the Arbitrum team, future team members, and advisors, while 36.52 million ARB will be allocated to investors.
Token unlocks do not always lead to immediate selling. However, new supply can affect price in the short term depending on how recipients manage their holdings.
Separately, 10% of fees from Robinhood Chain and other Arbitrum Layer-2 networks will be directed to the Arbitrum ecosystem as stated in token unlock data. This is separate from the unlock but may factor into ARB‘s longer-term outlook.
Despite the impending event, ARB has recovered recently. After falling toward the $0.07 range, the altcoin moved back above $0.09.
The RSI was near 63, indicating buyers had the upper hand without overbought conditions. MACD also turned positive, supporting the move upward.
The unlock could test this recovery. The outcome depends on whether buying demand absorbs the additional tokens.
ARB‘s Aggregated Open Interest rose to around $60.9 million. More traders appeared to hold active positions.
The average funding rate was positive at 0.0083%. Long positions outweighed shorts, with traders largely expecting further upside.
This long positioning could increase volatility if the market moves in the opposite direction.
