@zksyncshadow

After the Arbitrum airdrop, user liquidity behavior shifted noticeably. On-chain data shows a spike in ARB transfers within the first week, followed by a sharp decline as initial claimants sold or bridged assets. Transfer frequency temporarily stabilized, but resumed upward trends near subsequent unlock schedules, suggesting anticipation-based movement. Wallet analysis reveals many participants remained passive after initial activity, with a minority actively engaging in Arbitrum-native protocols. This pattern reflects typical airdrop cycles—short-term liquidity bursts, followed by retention challenges. Long-term adoption hinges on sustained incentives and ecosystem utility beyond the drop itself.

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