The worth of Masks Community (MASK) token has elevated by greater than 18% within the final 24 hours, as ARB sees purple following Arbitrum’s ARB token airdrop.
Masks Community, a undertaking devoted to bridging the hole between web2 and web3 by enabling social media customers to switch digital belongings, work together with dApps, and extra, has witnessed an enormous enhance within the worth of its native asset up to now.
MASK screams increased
Masks token has emerged as one of many high gainers within the final 24 hours following a blistering over 18% surge inside that timeframe.
MASK token worth hit a excessive of $6.51 in the course of the early hours of March 24, with a buying and selling quantity of $759,751,811.
Nevertheless, on the time of writing, the digital asset has shed a few of these positive factors, hovering across the $6.26 worth space.
Wanting on the bigger image, the value of MASK has elevated by greater than 60% within the weekly timeframe, and 116% throughout the final 14 days.
Regardless of MASK’s strong bullish momentum previously 30 days, it’s price noting that the altcoin continues to be down 84.66% from its all-time excessive of $41.45 hit in Febuary 2021, based on knowledge out there on CoinGecko.
The ARB massacre
Arbitrum executed its much-anticipated airdrop to some eligible members of its ecosystem on March 23, regardless of an preliminary Sybil assault menace. Masks Community obtained 257,549 ARB tokens in the course of the occasion.
As a result of large selloff of the ARB token by those that participated within the airdrop occasion, the value of the asset has crashed by over 70% from its all-time excessive (ATH) of $8.67 on March 23.
On the time of writing, ARB token is exchanging arms for $1.11, with a market cap of $2,712,092,633.