Traders are taking advantage of the upcoming Arbitrum (ARB) token claim event on Thursday by purchasing puts on ARB with strike prices of 50 cents, $1, $2, $4, $8 and $16 on decentralized marketplace Clober. These derivative markets have seen over $50,000 in trading volumes in the past 24 hours, indicating a high level of interest in the token. This is a sign that traders are confident in the potential of the ARB token and are looking to capitalize on the upcoming event. With the claim event just days away, traders are sure to be watching the markets closely to take advantage of any potential opportunities.
Clober, a cryptocurrency trading platform, is offering $ARB $2 put options for 54 cents. This option allows users to sell their $ARB tokens for $2 within 24 hours of claiming their $ARB airdrop, guaranteeing a profit of $1.46 per $ARB. Put options are a type of option that increases in value as the price of the underlying asset decreases, making them a great way to hedge against potential losses. With Clober’s put options, users can protect their investments and maximize their profits.
Put options with an expiry date of March 24 are available for traders to bet on the first-day price action of Arbitrum (ARB). ARB is expected to be significantly volatile on the first day of trading due to its transition into a decentralized autonomous organization (DAO). On March 23, ARB will be airdropped to community members based on their prior network activity, and the put options will allow traders to speculate on the price action of ARB on the first day of trading. With the put options, traders can take advantage of the expected volatility of ARB and potentially make a profit.
The much-awaited Arbitrum tokens have finally been released, giving investors the opportunity to gain exposure to the Arbitrum ecosystem. On the first day of trading, investors can expect to see dynamic price action as some holders sell their tokens to take advantage of the “free” profits, while others take longer-term positions. The Arbitrum network is a Layer 2 scaling solution for Ethereum, designed to enable faster and cheaper transactions. It is built on a secure, trustless, and decentralized platform, allowing users to interact with the Ethereum blockchain without sacrificing security or decentralization. With the launch of the tokens, investors can now gain access to the Arbitrum network and its potential for increased scalability and efficiency.
Spot tokens are not currently claimable or actively traded on any exchange, but futures products offered by exchanges such as Hotbit and BitMEX are already trading millions of dollars worth each day. Hotbit’s Arbitrum IOU tokens have seen a 32% decrease in the past 24 hours, while BitMEX’s ARB futures are trading at $1.40. Investors should be aware of the volatility of these products and the potential risks associated with trading them. As always, it is important to do your own research and understand the risks before investing in any cryptocurrency-related product.
