Arbitrum Price Surges Amid Robinhood Chain Revenue News
Arbitrum's price has surged higher after Robinhood Chain reported revenue numbers that sent shockwaves through crypto Twitter. The token's market capitalization broke above $830M for the first time since May, and tokenized stocks built on Arbitrum hit a fresh all-time high of $200M in market cap.
According to CoinGecko data, Arbitrum's price has risen by 15% over the past 24 hours, with its market capitalization at $862.2M. The token's circulating supply is 6.67B ARB, and its total supply is capped at 10B ARB.
Short sellers were caught off guard as Arbitrum's price surged higher, leading to a short squeeze that saw $3.83M in liquidations over the past 24 hours, with shorts accounting for $2.58M of that against $1.25M in longs.
The next scheduled Arbitrum token unlock is set to occur on September 16, 2026, which could potentially impact the price if it lands while momentum is already fading. Traders will be keeping a close eye on this event as they weigh the potential risks and opportunities.