Share:
  • Arbitrum’s ARB token airdrop goes live, users could face issues in claiming the token as seen in Optimism’s OP airdrop. 
  • Experts on crypto Twitter have shared step-by-step procedures to claim ARB tokens without facing challenges. 
  • Analysts have urged caution to users, against fake Arbitrum smart contracts, and lag in the Arbitrum One chain. 

The Arbitrum ARB governance token airdrop goes live marking the beginning of the Ethereum layer-2 solution’s transition into decentralization. Experts on crypto Twitter have warned airdrop participants of issues that arise in claiming ARB airdrop and shared solutions for the same. 

ARB token airdrop comes at a time when Bitcoin price rally grinded to a halt after The Federal Reserve’s 25 basis point hike. This supports the thesis of an altcoin rally and ARB token holders could benefit from Arbitrum’s popularity as a layer-2 scaling solution for the Ethereum blockchain.

Also read: Arbitrum: What is the fair value for ARB as tokens bloom in pre-launch trading?

Arbitrum ARB airdrop: How to claim, issues faced and how to tackle them

Arbitrum’s ARB token airdrop is one that the crypto community has long awaited, for its role in governance of the layer-2 chain and boost in decentralization. Users can claim Arbitrum’s ARB airdrop until September 23, 2023. Claiming on the Arbitrum One chain will start when the Ethereum chain reaches block 16890400. This is around seven hours away. Find the countdown timer on Etherscan. 

Arbitrum ARB token airdrop countdown

Arbitrum ARB token airdrop countdown

In the process of claiming the ARB airdrop, market participants can expect to face issues as seen during Optimism’s OP token airdrop. For step-by-step instructions on claiming ARB, check the tweet thread below:

During Optimism’s OP token airdrop, users faced a challenge in communicating and interacting with the blockchain. Remote Procedure Calls (RPCs) that allow communications with servers remotely, didn’t work as expected and users faced a lag in the process. 

Most importantly, even after claiming the OP token airdrop, lag posed a challenge in transferring Optimism’s token to DEX or Centralized Exchanges. Few in the OP community sold the airdropped token at the top ($2). This highlights how important it is set up a custom RPC and claim the airdropped token at the right time. 

@rektfencer and @OlimpioCrypto, two crypto experts on Twitter recommended users set up their own custom RPC to tackle this issue. Find the guide in the tweet thread below:

What to expect from the ARB token airdrop

The timing of Arbitrum’s ARB token airdrop is key to expectations of market participants. With Bitcoin price rally grinding to a halt and the US Central Bank raising interest rates by 25 basis point, altcoins are likely to gain popularity and relevance. 

Typically, when Bitcoin price rally takes the backfoot, there has been a spike in altcoin prices, while investors are bullish. An alt season rally is therefore good news for Arbitrum’s ARB governance token, with the layer-2 scaling solution’s popularity in the Ethereum ecosystem and the timing of the airdrop. 

Also read: Arbitrum: What is the fair value for ARB as tokens bloom in pre-launch trading?

In addition to Arbitrum, there are several other altcoin categories that could benefit from an alt season rally. Find out more about it here: Here are top three altcoin categories that are likely to pump the hardest in the 2023 alt season


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended Content

Editors’ Picks

Dogecoin Price Prediction: DOGE refuses to let WIF have all the fun

Dogecoin Price Prediction: DOGE refuses to let WIF have all the fun

Dogecoin is leading meme coins north, even though Dogwifhat is outperforming it. With DOGE defending the gains, the upside potential remains alive and the meme coin could reclaim its March 2 peak. If Dogecoin price loses the $0.1356 support, it could weaken the bullish thesis, paving the way for an extended fall.

More Dogecoin News

Celo price confirms breakout after CELO L2 migration details

Celo price confirms breakout after CELO L2 migration details

Celo price broke out 15% on March 1, when the network executed its migration to Layer 2. CELO continues to hold above $1.1172, increasing the odds for a further upside. A break and close below $1.1022 would produce a lower low, provoking a continued drop.

More Celo News

Ethereum Price Prediction: The long game could see ETH climb 30%

Ethereum Price Prediction: The long game could see ETH climb 30%

Ethereum price has defended its range low of $884.51 since early 2021 while the $4,485.32 peak capped the upside. If ETH manages to close above $3,602.43, it could catalyze a continuation to the January 2021 peak. A break and close below the midrange of the channel at $2,684.92 would invalidate the bullish thesis.

More Ethereum News

GMX price could make a 50% climb as GMX’s daily chart is governed by a bullish pattern

GMX price could make a 50% climb as GMX’s daily chart is governed by a bullish pattern

GMX price has formed an inverse head and shoulder pattern on the daily timeframe. GMX could make a 49% climb if the price manages a daily candlestick close above $59.64 bullish. A break and close below $50.00 would invalidate the bullish thesis.

More GMX News

Bitcoin: BTC likely to correct to $50,000 soon

Bitcoin: BTC likely to correct to $50,000 soon

Bitcoin price has formed a potential top signal that forecasts a sell-off. The weekly chart also points to a bearish divergence, which adds credence to the bearish outlook. 

Read full analysis

BTC

ETH

XRP