Major Points:

• Next week, when Arbitrum plans to airdrop its tokens to users, there will be a spike in community anticipation and an increase in the price of the IOU token on two obscure exchanges, HotBit and XT.com.
• Top crypto exchanges, including Huobi, MEXC, Bitrue, and ByBit, have committed to listing the layer-2 scaling solution token on March 23.
• The ARB token airdrop is open to 625,143 addresses; the average amount of ARB distributed is 1,250 ARB, and more than 4,400 addresses are eligible to receive 10,250 ARB.

Next week, Arbitrum will airdrop its tokens to users, raising public anticipation as well as the price of its IOU token on two obscure exchanges, HotBit and XT.com.

ARB IOU reached a high of $10.30 on March 17 but is currently trading at $9.5, according to data from CoinMarketCap. The IOU token’s current price may not accurately reflect the asset’s value at launch, but it does demonstrate the level of interest in the token.

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The value of ARB is a topic of much speculation among community members, some of whom are more upbeat than others. According to Jason Choi, an investor with the cryptocurrency investment fund Tangent, the ARB IOU token is valued at “a $100B FDV, making it the third most valuable crypto asset.” But he continued, “I don’t think Hotbit IOUs are reliable.” The IOU token of NFT marketplace Blur, which traded at a much higher valuation of $32, dropped to about $0.8 at launch, according to DeFi researcher Johannes.

The layer-2 scaling solution token will go live on top crypto exchanges on March 23, including Huobi, MEXC, Bitrue, and ByBit. ByBit encouraged users to stake ARB tokens on its platform in order to earn more rewards by revealing a trading pair of the token with the two most popular stablecoins, USDT and USDC. Huobi announced that it would begin processing token withdrawals on March 17 and provide a trading pair in USDD and USDT. ARB will be included in MEXC Global’s Innovation Zone, the company said.

625,143 addresses are eligible for the ARB token airdrop, according to blockchain analysis company Nansen. The median airdrop size is 1,250 ARB, but more than 4,400 addresses can receive up to 10,250 ARB. Although they met the requirements, some users have complained that they were not included in the airdrop.

The ARB airdrop has sparked a lot of speculation and excitement in the crypto community, and many people are interested in seeing how the token will perform after it launches.