Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets

As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain activity shows that airdrop hunters consolidated tokens worth around $3.3 million collectively from 1,496 wallets into two wallets.

The hype behind the ARB airdrop also made its way to the over-the-counter (OTC) markets. On March 21, crypto users eligible for the airdrops had already started selling the tokens in OTC markets after the airdrop announcement.

Meanwhile, apart from upstanding community members, hackers also actively participated in the airdrop craze. On March 24, some hacked vanity wallet addresses were used to steal $500,000 worth of ARB tokens from eligible airdrop participants.

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