Arbitrum eyes redemption with targeted airdrop as 97% of ARB holders experience losses

Arbitrum’s 2023 airdrop was among the most-watched developments in the Ethereum L2 sector. However, things went against expectations, and today, 97% of ARB holders are sitting at a loss, as per IntoTheBlock data. With only 2% of investors “In the Money” and 1% at break-even, Arbitrum DAO has taken steps to restore community confidence. A

Source: Invezz