Worst Airdrop EVER? (Arbitrum Governance DISASTER)

The price of Arbitrum is down 18% in three days and some big news broke over the weekend. The Arbitrum Foundation is calling it a “blunder of communication”, but is that what this really is? In this video, I’ve got a lot to tell you about the sale of 10 million ARB tokens, and why there’s backlash against the Arbitrum foundation for moving 40 billion ARB before voters were notified.

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0:00 Intro
1:00 The Controversy
1:49 The Airdrop
3:48 Blog Post
4:38 AIP-1
6:01 Wintermute
6:46 Why Didn’t the Vote Happen On Chain?
7:46 What is the Foundation Supposed to Do?
8:05 API-1 Was Too Big
8:48 Conclusion

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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person's opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.

Sources:
https://cryptoslate.com/arbitrum-foundation-said-it-sold-10m-arb-tokens-to-fund-operating-cost/
https://www.forbes.com/sites/leeorshimron/2023/03/30/arbitrums-token-airdrop-sends-network-adoption-soaring/?sh=74a8587b56ed
https://query.nansen.ai/public/dashboards/cQsdv5lvYWeZldyrifurgWEvZk7dSxmR1KYYDUIw?org_slug=default&p_w330_SMSegments=All&p_w331_Airdrop_Eligibility=%5B%22Yes%22%5D&p_w332_action_select=Claim&p_w334_cex_filter=Off&p_w374_claimed_=All&p_w415_SMSegments=All
https://www.coindesk.com/tech/2023/03/29/arbitrum-shows-just-how-messy-and-tricky-crypto-airdrops-can-be/#:~:text=In%20the%20hours%20leading%20up%20to%20the%20airdrop%2C,tokens%20crashed%20in%20response%20to%20high%20server%20demand.
https://twitter.com/cole0x/status/1638000431002718209
https://forum.arbitrum.foundation/t/clarity-around-the-ratification-of-aip-1/12864
https://twitter.com/wintermute_t/status/1642572067752013826?s=20
https://www.wintermute.com/
https://forum.arbitrum.foundation/t/clarity-around-the-ratification-of-aip-1/12864

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