- Johnny, a cryptocurrency enthusiast, predicted that ARB could rally soon as it exits its accumulation phase.
- The angel investor McKenna revealed that the ARB staking proposal is in favor of allocating treasury tokens to ARB’s staking.
- Assuming 50% of the ARB supply is locked, the APR for ARB staking could rise to 27.5%.
The cryptocurrency enthusiast Johnny predicted in an X post yesterday that the accumulation phase for Arbitrum (ARB) may be coming to an end soon. As a result, the X user anticipates that the altcoin will enter into an expansion phase in the short term.
$ARB accumulation ending soonNext phase: expansion https://t.co/3tJawhOXGG pic.twitter.com/np7gJ9MlHe
— Johnny (@CryptoGodJohn) November 3, 2023
Meanwhile, the angel investor McKenna, revealed a significant development relating to the latest ARB staking proposal. According to the post, the proposal is currently 61% in favor of allocating 175 million ARB tokens from the Arbitrum Treasury to the project’s staking platform.
The $ARB Staking proposal is currently 61% in favour for allocating 175M ARB tokens from the Arbitrum Treasury.The minimum APR being 13.7% is insane. Assume optimis…