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Fortune
Fortune
Ben Weiss

Long-awaited Arbitrum token generates $1.8B in 2 hours

Arbitrum ARB Ethereum Crypto Cryptocurrency
The logo for Arbitrum is superimposed over a green background. (Credit: Illustration by Fortune)

A treasure trove of crypto appeared on Thursday in a matter of minutes.

The long-awaited native cryptocurrency for Arbitrum, the leading scaling solution for the Ethereum blockchain, finally became available for more than 600,000 recipients, according to Dune Analytics.

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