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Breaking: Arbitrum's (ARB) Price Plummets By 90% From IOU Value Amid Mass Sell-Off

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The long-awaited Arbitrum’s native token, $ARB, finally made its debut on the crypto market today, albeit with several hiccups and hurdles along the way. The price of Arbitrum ($ARB) experienced a decline of roughly 90% from its IOU value and currently trades near the $1 range. According to data published by Nansen analytics, only 16% of the $ARB airdrop has been claimed so far at the time of writing.