ARB Token Drops 9.66% Amid Robinhood Rumors and Surging Ecosystem Activity on Binance
In the past 24 hours, ARBUSDT experienced a price decline of 9.66%, opening at 0.3593 and currently trading at 0.3246 on Binance. This drop follows a period of significant volatility and heightened trading activity, largely driven by speculation about a potential Robinhood partnership, increased ecosystem development, and a surge in active addresses (up 25% week-over-week). While earlier bullish momentum and large transactions by institutional wallets contributed to strong rallies and record trading volumes, the absence of an official announcement regarding the rumored Robinhood listing has led to profit-taking and a pullback from recent highs. ARBUSDT’s market remains active, with a current price of 0.3246, 24-hour trading volume ranging from $120 million to $138 million, and a circulating supply of approximately 4.96 billion ARB. The asset continues to show elevated volatility as traders respond to both positive ecosystem developments and the uncertainty surrounding major partnership rumors.