ARB Token Sees 165% Monthly Gain as Trading Volume Hits $822 Million

Arbitrum's token, ARB, saw significant gains last week and month. According to BSCN data, ARB rose by nearly 56% over the past seven days and 165% over the past month.

The recent surge in prices comes after Standard Chartered set price targets for ARB: $0.50 by year-end and $10 by the end of 2030. The bank's projections are separate from the token's current market price, which was at $0.2215 on Friday, based on CoinMarketCap data.

The trading volume for ARB reached a high of $822 million in daily volume, as reported by CoinMarketCap data. This significant increase in trading activity accompanied the token's price surge, with a 27.6% gain over the past 24 hours.