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Crypto

Arbitrum Token Price Plunges Amid Market Downturn

Guavy AI Editorial Team
Instruments
ARB
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Arbitrum's token price ARB fell by 10% over the past 24 hours after stalling near $0.25, testing whether its recent rally was sustainable in a broader market downturn.

The price drop left traders wondering if the momentum behind Arbitrum's involvement in Robinhood Chain and tokenized stocks could withstand a sell-off.

ARB dropped as low as $0.214 before trading near $0.217 at press time, with trading volume plummeting by 31%.

A reversal in network flows was also observed, with USD Inflows turning negative from positive readings just three days prior, according to DefiLlama data.

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