Since 2024 began, the cryptosphere has been constantly shaken up. This March, prominent layer two network Arbitrum (ARB) is set to unlock a massive $2.32 billion vested tokens. Simultaneously, the meme coin market is experiencing an intriguin showdown as Raboo (RABT), an innovative AI-powered project, emerges as a challenger to FLOKI (FLOKI). Raboo sets itself apart with its reimagined ingenuity for meme coins, and offers a fresh perspective in the market. As Arbitrum readies its unlock event, can Raboo (RABT) disrupt the dominance of FLOKI (FLOKI) as make its mark as a frontrunner in the meme coin arena? Let’s find out.
Scheduled $2.32B Vested Tokens to be Unlocked by Arbitrum (ARB): What Does It Stand to Gain or Lose?
Arbitrum (ARB), a layer-2 Ethereum-based blockchain network, is set to release $2.32B worth of vested tokens on the 16th of every month for the next four years. According to Data from digital asset tracker Token Unlocks, this is about 1.1B ARB tokens. Token Unlocks also mentioned that the release would be a “Cliff Unlock,” implying that no token will be released until the unlock date (the Cliff).
While some speculate potential market volatility following the token release, others, such as crypto influencer JJcycles, express optimism, drawing parallels to Solana, a previous successful token unlock in the crypto space. Currently, Arbitrum (ARB) trades at $1.64 ( 1.48% value drop in the last 24 hours) with a TVL of $3.206B.
Introducing Raboo (RABT): A Paradigm Shift in Meme Coin Innovation
A perfect combination of AI, social-fi and blockchain technology is nothing short of absolute ingenuity—that’s exactly what Raboo (RABT) is! By blending AI wizardry with meme-hunting prowess, Raboo introduces a novel concept of rewarding user engagement through a social-fi (post-to-earn) system. This innovative approach fosters active community participation while offering tangible rewards to token holders. With Raboo’s presale phase underway, it is offering tokens at an initial price of $0.003.
FLOKI Price Disappoints with Weak Market Performance
While most projects have gotten back on their feet in 2024, the FLOKI price continues to nosedive. The first quarter of 2024 is about to end and FLOKI (FLOKI) has remained bearish this year with a few transient surges.
Many factors have been implicated in the FLOKI price performance, but its most recent struggle has been largely due to whales’ interference. On March 5, a whale withdrew $4.29M worth of FLOKI (FLOKI), taking a serious toll on its price. Currently, it trades at $0.0001956 (a 27.46% price drop over the last seven days) with a total market cap of around $1.8B.
Shaping the Future of Cryptocurrency
As the cryptocurrency landscape continues to evolve, projects like Arbitrum (ARB), Raboo (RABT), and FLOKI (FLOKI) demonstrate the dynamic nature of the market. With Raboo’s presale generating significant interest and Arbitrum’s token unlock event on the horizon, investors are presented with diverse opportunities for engagement and growth in the crypto space.
For further information and participation in the Raboo’s presale, visit here.
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