Share this article
After Frenzied Arbitrum Airdrop Day, 37% of Eligible Wallets Still Haven’t Claimed Their ARB
Nearly 240,000 addresses still need to claim their governance tokens worth roughly $596 million.
Updated May 9, 2023, 4:11 a.m. Published Mar 23, 2023, 9:23 p.m.
Arbitrum’s token airdrop started off in a frenzy that broke multiple websites, and yet more than 428 million ARB tokens are left to be claimed, according to blockchain analytics firm Nansen.
Nearly 240,000 addresses still needed to claim their governance tokens late Thursday, after 61% of eligible crypto wallets – traders, decentralized finance (DeFi) protocols and investment firms – had already claimed their ARB.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The 428 million unclaimed tokens, worth nearly $596 million at press time, represents 37% of the total 1.1 billion ARB allocated for Arbitrum’s airdrop. These are tokens that have yet to enter the market. Eligible addresses have 184 days left to claim their tokens, if they haven’t already.
The effect that token supply can have on emerging markets was on full display Thursday morning when Arbitrum’s claims website collapsed due to heavy traffic, artificially restricting the airdrop’s initial redemption rate. That meant fewer tokens in circulation during a period of peak demand; ARB soared as high as $14 on some venues before settling out around $1.42 once more wallets had claimed their allocations.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
BlackRock expands crypto bet with 7 senior hires across U.S. and Asia
The $10 trillion asset manager is staffing up to scale digital asset ETFs, pursue tokenization and identify "first-mover big bets" in Asia.
What to know:
- BlackRock is hiring seven senior digital asset roles, including one in Singapore, to expand its crypto and blockchain strategy.
- One U.S.-based role will help grow the iShares digital asset ETF lineup, including the $70 billion iShares Bitcoin Trust (IBIT), and develop new crypto-linked products.
- The Singapore role will lead BlackRock’s digital asset push across Asia, with a focus on long-term strategy and identifying first-mover opportunities.
Top Stories
