Here's What Ethereum (ETH) Whales Are Doing Ahead of Airdrop of Year

While $ETH is stalling at around $1,800, some whales are actively redistributing their funds ahead of $ARB airdrop

The Arbitrum airdrop has generated significant interest from investors, as it represents the introduction of the token of the biggest L2 network on Ethereum. As more users and developers flock to the platform, the demand for ARB tokens is expected to rise, which could create short-term price fluctuations for both Ethereum and ARB.

At press time, the majority of analysts expect a flash drop of the ARB's price considering the volume of"free" tokens that will be distributed among users. However, the long-term perspective for the token remains unclear and will mostly depend on the demand for cheaper Ethereum alternatives and the DeFi industry in general.

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