Cole0x, an investor under pseudonym, has claimed to have sold a “six-figure amount” of ARB tokens on OTC markets at a price of $0.98.
The buying and selling of pre-release tokens occurs directly between parties and the cost can vary greatly.
An anonymous user has said that the hype around the ARB is based on calculations of the token’s potential market cap. Viperr.eth, another user, has reported selling ARB at the rate of $1.1, suggesting that market participants anticipate a positive future price.
The Arbitrum developers have scheduled an airdrop of the token for March 23, followed by a transition to a decentralized governance (DAO) model.
The team will distribute 44% of the total supply of 10 billion ARB to early adopters and investors. In addition, the community and the DAO will receive assets that will allow them to control 56% of the votes.
