ARB Price Tumbles 10% Amid Broader Market Sell-Off

ARB, the native token of Arbitrum, experienced a significant decline of 10% over the past 24 hours after its recent rally stalled near $0.25.

The price drop tested whether the narrative around Arbitrum's connection to Robinhood Chain could withstand a broader market sell-off.

$ARB dropped as low as $0.214 before trading near $0.217 at press time, with trading volume falling 31% during this period.

According to Coinalyze data, more than $1.9 million in long liquidations occurred as $ARB slipped from $0.25, contributing to the price drop.