Arbitrum plans to carry out cliff unlocking of approximately 1.1 billion ARB tokens on March 16

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The Layer 2 blockchain network Arbitrum is scheduled to unlock $2.32 billion worth of ARB tokens on March 16th. This significant event, as reported by digital asset tracker Token Unlocks, will release approximately 1.1 billion ARB tokens, representing a substantial 76% of the circulating supply of the token. This move is expected to have a major impact on the cryptocurrency market and the future of the Arbitrum network.