Arbitrum Blockchain Airdrops $120M in ARB Tokens to DAOs; Some Dump, Some Look to Bolster Themselves
For some, like Vesta Finance, the airdrop provided a multimillion-dollar stimulus: The project was eligible for 2.7 million arb tokens, worth just under $6 million, despite holding only $3 million in its treasury. This can allow the project to, over time, sell the tokens to bolster its own development or
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