Arbitrum (ARB), a leading Ethereum Layer-2 scaling solution, experienced a major token unlock. This development, causing a significant change in assets among investors, affected the ARB token price.
After the significant unlock on March 16, millions of tokens were sent to exchanges. Records show that after the big unlock, 11 whales sent about 34 million ARB tokens worth around 60 million dollars to exchanges.
SpotOnChain data also revealed that 8.95 million ARB tokens worth 16.4 million dollars were also transferred to the Binance exchange.
Following the unlock of 1.1 billion ARB tokens worth 2.32 billion dollars, the ARB price dropped significantly due to token movements. Along with the transfers, the general decline in the cryptocurrency market pushed the ARB price to the lowest level since January, reaching the $1.62 band.
Despite millions of ARB tokens being sent to exchanges, it is noteworthy that many whales continued to hold ARB tokens. The decline in ARB token was measured at 12.85 percent over the last 7-day period according to CoinMarketCap data. At the time of writing, Arbitrum, trading at $1.73, is eagerly awaited to see how it will trend in the coming days.
It is wondered whether ARB, which experienced the all-time high level of $2.40 two months ago in January, will reach $10. Under the current conditions, it does not seem very feasible for ARB to be $10 in the short term.
Despite just Arbitrum, the cryptocurrency market is having troubled days in general. Despite all of these troubles, the Dogecoin20 project, drawing attention with its pre-sale, receives interest from investors, surpassing more than 5 million dollars in funds.
Dogecoin20 Token Exceeds $5 Million
The project that held an early stage sale event, offering discounted prices for early investors, surpassed $5 million. The project named DOGE20, based on Ethereum’s ERC-20 token, claims to be an eco-friendly alternative to Dogecoin. The project named after Dogecoin and ERC-20 protocol, enters the top of the most popular meme coins lists in the pre-sale.
With a progressive pre-sale event, investors encounter different price policies at each stage. The increase in price between stages encourages investors to participate in the project at an earlier stage. With $5 million in funds raised so far, DOGE20 promises more potential gains for early investors.
DOGE20 investors awaiting stock exchange listings eagerly await which direction the token price will move after leading CEX and DEX listings.
DOGE20 Offers Passive Income Opportunity with Staking
Investors not only find the opportunity to buy Dogecoin20 tokens at discounted prices in the pre-sale event but also benefit from the staking feature. In return for locking DOGE20 tokens for certain periods, investors have the chance to earn rewards.
While the number of staked DOGE20 tokens is around 15 billion, the annual yield percentage (APY) is positioned at 187 percent. Although the APY will decrease as more participants join the staking pool, the project team promises 6751 DOGE20 tokens per ETH block.
15 percent of all DOGE20 tokens are distributed to participants with the staking mechanism. Staking rewards meet participants over a two-year period: 12.5 percent of the total supply in the first year and 2.5 percent in the second year.
A total of 21 billion DOGE20 tokens are planned to be distributed to staking pool participants.
How to Buy DOGE20?
To buy the Ethereum-based Dogecoin20 token, you still need to participate in the ongoing pre-sale event. DOGE20 token has a total supply of 140 billion tokens, with 35 billion tokens, equivalent to 25 percent, being launched in the pre-sale.
There are a total of 12 stages in the DOGE20 pre-sale. The project team, wanting to reward early investors, adopts a phased price increase policy. In the first stage, the DOGE20 price was $0.000140, registering at $0.000206 in the final stage.
DOGE20 tokens are currently finding buyers at $0.000204. In other words, investors have very little time to buy Dogecoin20 at discounted prices. The window for fixed-priced purchases for the DOGE20 token, which is likely to rally after upcoming exchange listings, is gradually shrinking.
DOGE20, positioned as an upgrade to Dogecoin, which was exhausted from rallying with Elon Musk, awaits early investors. Investors who want to buy DOGE20 can participate in the pre-sale with ETH, USDT, BNB, or card transactions.
Disclaimer:
Koin Bülteni is not responsible for any damage or loss related to any product or service mentioned above. Koin Bülteni recommends that readers conduct their own research on the company mentioned in this sponsored article and the products or services it offers.
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