Binance hints at Arbitrum listing right after its airdrop

The collection of scaling solutions for the Ethereum (ETH) network, Arbitrum, announced its airdrop this month. Recently, the largest crypto exchange by trading volume, Binance, pointed out listing its native utility token, ARB.

According to Dune analytics, only 27 unique addresses currently hold ARB tokens — including Arbitrum’s seven official wallets. Per the data, 625,143 addresses are eligible for the long-awaited airdrop. 

Moreover, Arbitrum noted on its website that roughly 11.62% of the 10 billion ARB total supply has been separated for the airdrop. In contrast, the majority of the tokens, 42.78%, are allocated for the platform’s treasury. 

The largest crypto exchange, Binance, tweeted that the ARB token listing is coming, as expected by the crypto community.

Binance noted the positive points of bringing ARB to its users, saying that Arbitrum “allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps.”

Furthermore, the optimistic L2 scaling solution announced the launch of ARB on March 17. The statement came as the platform wants to convert from a protocol to a decentralized autonomous organization (DAO).

As the news of the ARB airdrop emerged, fraudsters started to take advantage of the situation. According to crypto.news report on March 20, Scam Sniffer caught 273 phishing websites claiming to be the official Arbitrum airdrop accounts.

Per the report, another Twitter account, with the username arbitrum launch, also wanted to lure users to a fake website.