The Arbitrum Foundation announced that 69 million ($57 million) unclaimed ARB airdrop tokens have been swept into the Arbitrum DAO treasury.
to redirect the unclaimed tokens to the treasury immediately instead of a time-locked smart contract — where funds are locked and can only be accessed or moved after a certain period or under specific conditions — as part of the Arbitrum Improvement Proposal AIP-7.
“The 69,448,385 unclaimed ARB remaining in the token claim contract has officially been moved to the Arbitrum DAO treasury as outlined in AIP-7,” the Arbitrum FoundationArbitrum airdrop token claim went live in March , seeing 1.16 billion tokens made available as a reward for early users of the Ethereum Layer 2 network and giving them governance powers on the DAO that controls the Arbitrum One and Nova networks. The airdrop represented 11.6% of Arbitrum’s total 10 billion supply.on Sept. 24. However, despite the six-month claim period, 69 million ARB tokens — 0.69% of the total supply — remained unclaimed by the deadline.The price of Arbitrum's governance token fell nearly 1.5% to $0.