The $ARB (Arbitrum) Airdrop has recently been a significant event in the cryptocurrency world.
Our developers completed and launched the relevant charts before the Airdrop to meet Candlestick users’ demand for on-chain analytics of the $ARB token.
We expanded a bunch of features to the Arbitrum blockchain before the Airdrop.
8 Top Leaderboards:
3 Live Large Orders Trackers
9 Indicators
With comprehensive data, we tracked the entire process of the $ARB airdrop.
Before The Airdrop
A few hours before the airdrop claim, we observed enormous Liquidity was added to the Uniswap V3.
Note: Liquidity value was 0 because there was no $ARB DEX transaction generating price then.
When The Airdrop Happened
CEX inflows/outflows, DEX buys/sells, & add/remove Liquidity are fundamental on-chain data we track.
Let’s see what happened in the Airdrop.
CEX Flows
The CEX Inflow data proved that Binance is the largest & key market for $ARB.
When traders claimed for the Airdrop, significant CEX deposits began to appear.
Within 15 mins, we recorded $838.48K CEX Inflows.
The value soon grew bigger.
The Net CEX Outflow indicator recorded a 24-hour Net Outflow Value of $-367.06M.
If this indicator turns positive, it indicates a decrease in selling pressure on $ARB, and the token price may rise.
Deposit trends moderated on Mar 25.
DEX Buys/Sells
On Mar 23, 2023, 01:01:46 PM UTC, the first DEX transaction occurred on Uniswap V3.
7f49 is the first DEX seller we recorded. He sold 6,250.00 $ARB at $10.27. It’s the highest selling price so far.
In the first 15 minutes of DEX trading, we recorded a Net Buy Vol of -$1.25M.
According to the latest data, the Net Buy Vol recorded $-24.88M, indicating more significant selling pressure than buying power.
Add/Remove Liquidity
The first $50K+ liquidity removal was recorded at 02:21:23 AM, Mar 23, 2023, UTC.
$99,910 $USDC removed from $ARB / $USDC pair on Trader Joe V2.
However, increasing Liquidity is still the choice of most LPs.
On Mar 24, we observed that some traders are buying $ARB to add Liquidity, such as a490, who added $827K Liquidity after purchasing.
Currently, the $ARB Net Add Liquidity gain is $221.24M with 24.72K providers.
