Arbitrum Foundation Transfers $59 Million of Unclaimed Airdrop Tokens to Treasury
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The Arbitrum Foundation transferred $59M of unclaimed ARB tokens to its treasury as the claim deadline ended.
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93% of eligible users had claimed the airdropped tokens, worth over $59M at current prices.
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The tokens were airdropped in March to a huge community response - 42M tokens claimed in hours.
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A governance vote in August approved transferring unclaimed tokens to the treasury instead of locking them.
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Arbitrum's treasury now holds nearly $3B worth of ARB tokens after the transfers.