You could say there’s an all out frenzy over Arbitrum’s upcoming ARB token airdrop, scheduled for Thursday, March 23. There’s an Arbitrum IOU placeholder token that’s done $4 million in volume over the past day on Hotbit. The token for Solana’s ARB Protocol—short for arbitrage—is up 643% in the past week simply because its name is identical to the Ethereum layer-2 token that’s about to drop. And now the CoinGecko team has flagged ArbiSwap for allegedly “minting 1 billion fake tokens” and committing a rug pull.Â
Consider this a friendly reminder to do your own research, folks.Â
Bling bling. Buy 99.99% pure gold kilo bars from just $1 with the Vaulted app. You can also sell at any time. Gold has averaged 9.56% yearly growth since 2000 and outperformed all major currencies over time and has been described as “ultimate safe haven asset”.
