They've already sold. Look at the chart, it's now on a downhill and flat line and stable within the day at around $1.4.
But with all the speculations that I've read, they're telling me that wait until Binance actually starts trading it and the price might fluctuate more. It's just a day after the launching and that's why the price might still go up. Well, the airdrop folks are good and out already. While those that are interested on it, you've got to start at a nice price to think of which is $1.4, and who knows if it goes up. It's making me think to ride this hype but the first day of launching doesn't look good to me but it still might be a long path for this project and wavy lines on its chart.
it is normal that the airdroppers will sell first and that is what they tend to do only few that will truly support the project until it reached the top.
But it is indeed that those who participate in airdrops are already gaining tons of money now , I even read someone who earn thousands of airdrop tokens and now for sure they are enjoying at least 3-5 digits in their pockets .
I followed the listing process yesterday, and it seems that the price of $ 1.4 is being supported by many people, looking at what happened, this is not too surprising. Some cex have traded with bots themselves, it was only when people claimed the airdop that prices started to become more realistic, and now we can laugh out loud here.
Looking to the long term, I have no doubt that ARB will be bullish soon, especially given the more bullish market signals coming in, buying and holding them is what I'm looking at at the moment.