• Angel investor is bullish on ARB, making it the largest part of his portfolio.
• ARB has increased its TVL dominance by 5.56x and flipped Ethereum’s L1.
• There is no immediate sell pressure on ARB tokens since team unlock is in 2024.

The Ethereum (ETH) blockchain layer-2 scaling solution, Arbitrum, which recently launched its native token, ARB, has gotten the attention of an angel investor, Mc Kenna, who recently announced that ARB tokens now make up the most significant part of his crypto portfolio.

Kenna, the former head of research at Rok Capital, is particularly bullish about Arbitrum because it is quickly becoming the de facto choice for DeFi projects, with the largest total value locked (TVL), daily transaction count, and users.

Furthermore, Kenna pointed to several factors driving growth on Arbitrum, such as the increa…

The post Angel Investor Places Bullish Bet on ARB Token, His Largest Portfolio appeared first on Coin Edition.

• Angel investor is bullish on ARB, making it the largest part of his portfolio.
• ARB has increased its TVL dominance by 5.56x and flipped Ethereum’s L1.
• There is no immediate sell pressure on ARB tokens since team unlock is in 2024.

The Ethereum (ETH) blockchain layer-2 scaling solution, Arbitrum, which recently launched its native token, ARB, has gotten the attention of an angel investor, Mc Kenna, who recently announced that ARB tokens now make up the most significant part of his crypto portfolio.

Kenna, the former head of research at Rok Capital, is particularly bullish about Arbitrum because it is quickly becoming the de facto choice for DeFi projects, with the largest total value locked (TVL), daily transaction count, and users.

Furthermore, Kenna pointed to several factors driving growth on Arbitrum, such as the increa…

The post Angel Investor Places Bullish Bet on ARB Token, His Largest Portfolio appeared first on Coin Edition.