Arbitrum (ARB) Airdrop Frenzy: From 'Super Airdrop Hunters' to Malicious Actors

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Arbitrum (ARB) Airdrop Frenzy: From 'Super Airdrop Hunters' to Malicious Actors
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The technical document suggests that ARB has a total supply of 10 billion.

Arbitrum’s much-anticipated token airdrop shook up the crypto space as on-chain activity of the popular layer-2 solution soared to levels not seen before. With the introduction of the ARB token, Arbitrum finally transformed into a DAO.

Meanwhile, the hunters of this cash rain raked in an impressive amount of ARB tokens. In the first hour alone, over 42 million ARB tokens were claimed. New data found two “super airdrop hunters” that received 1.4 million ARB, worth around $1.92 million, and 933,375 ARB, worth $1.28 million. Collectively, the two “hunters” acquired around $3.3 million via 1,496 addresses.Lookonchain, the account that received 1.

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