Arbitrum ARB Price Surges 30%, Ignited by $814 Million Volume Spike

The price of ARB has surged nearly 30% to around $0.118, breaking above the descending trendline that had capped its recovery for months.

This rally coincides with a sharp increase in derivatives activity, with Arbitrum futures volume reaching $814.13 million, up 713.64%, while open interest rose 62.09% to $157.06 million.

The combination of these factors has put ARB above its previous trendline resistance, indicating a potential fresh rally for the token.