- A crypto analyst predicted a major surge in Arbitrum’s demand, bringing in massive revenues.
- Hitesh claims that approving a proposal will reward users $ARB from a dedicated 175 million supply.
- Currently, there are more than 95 active proposals listed on Arbitrum DAO’s Snapshot page, collectively requesting 100.2 million ARB tokens.
Earlier today, crypto analyst Hitesh tweeted that “$ARB at $1 is a FUD,” suggesting that Arbitrum will bring massive revenues with a “surge in demand expected.” Moreover, he stated that Arbitrum is on the “verge of endorsing a significant proposition,” enabling token holders to lock up their $ARB for 12 months, granting them rewards in $ARB from the allotted 175 million supply, based on current voting trends.
$ARB at $1 is a FUD.$ARB is on the verge of taking off, with a massive surge in demand expected.Arbitrum is poised to approve a major proposal that will allow token holders to lock up $ARB for 12 months, receiving rewards in $ARB from the allocated 175 million supply, based… pic.twitter.com/CpWToMs2dT
— hitesh.eth (@hmalviya9) November 2, 2023
Hitesh is referring to the Lido DAO proposal aiming to seek a 5 mill…
The post ‘$ARB at $1 Is a FUD,’ Claims Crypto Analyst; Predicts Rise in Demand appeared first on Coin Edition.