Arbinu Meme Coin Skyrockets 400% in Five Days Amid $ARB Airdrop Frenzy

The New Memecoin is Here

The Arbinu meme coin on Arbiturm spiked more than 400% in five days after the Arbitrum foundation announced airdrop of $ARB.

With the Arbitrum ecosystem growing rapidly without a governance token for the last year, the $ARB airdrop would be one of the most anticipated events this year.

The total circulation of $ARB will be 10 billion. Of those tokens, 56% will be controlled by the Arbitrum community — 11.5% by the community and 1.1% by DAOs within the Arbitrum ecosystem. Offchain Labs, the company that built Arbitrum, will receive 44% of the rest of Arbitrum’s circulation.

It is possible that there are other factors guiding Arbinu’s recent rally. The meme coin has also been burning $ARBINU tokens on a weekly basis and burning 1% of all transactions. According to Arbinu team, the weekly burns make $ARBINU coins more valuable every Saturday.

In the most recent ‘ARBIBURN,’ on March 18, 1,969,000 Arbinu worth $15,000 USD were burned. This brought the token’s circulating supply to 87% of the total. Worth noting the total supply of $ARBINU is 1 billion.

GM $Arbinu Army! ???

We have JUST BURNED 1,969,000 Arbinu (worth ~15,000 USD)!???

The circulating supply is now at 87%! ?

Our deflationary tokenomics help in making each of your Arbinu coins more valuable each week! ?#Arbinu #Arbitrum $Arb $Arbi $Doge $Shib $Floki pic.twitter.com/66Z701YeiT

— Arbinu (???) (@ArbinuCoin) March 18, 2023

Moreover, the meme coin project has launched staking on its platform recently. There are currently 830 $ARBINU stakers with 210,054,761 $ARBINU staked.

$ARBINU PASSIVE INCOME ANNOUNCEMENT! ?

We are excited to announce that STAKING IS LIVE! ✅

Go stake your coins on:https://t.co/bwlEY39tQy

Which other coin offers HIGH APR while staying DEFLATIONARY? Only Arbinu! ??#Arbinu #Arbitrum $Arb $Arbi $Shib $Doge $Floki pic.twitter.com/tb2sQgLduT

— Arbinu (???) (@ArbinuCoin) March 6, 2023

By staking or providing liquidity with their Arbinu tokens, holders will share up to half of the 4% token tax.

The meme coin project has also announced having its token contract audited by Solidity Finance and announced its whitepaper on February 2. Arbinu ($ARBINU) is trading at $0.008058, up 23.7% in 24 hours.

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What is Arbinu:

Arbinu is a community-owned, fair-launched token created to provide a home for all Arbitrum members. According to Arbinu, the organization serves as a family where everyone has a seat at the table and can freely express themselves.

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