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May 16, 2025, Arbitrum (ARB) is trading at approximately $0.4109, reflecting a slight decrease of about 0.7% over the past 24 hours. The cryptocurrency's price has fluctuated between an intraday low of $0.3924 and a high of $0.4205.
This price movement coincides with a significant token unlock event today, where approximately 92.65 million ARB tokens, valued at around $37.8 million, are being released into circulation. This unlock represents about 1.95% of the current circulating supply, which stands at approximately 4.75 billion ARB.
Despite the slight dip in price, trading activity has intensified, with a 24-hour trading volume of approximately $293.31 million, indicating heightened investor interest.
Looking ahead, price predictions suggest potential growth for ARB. Some forecasts anticipate the price reaching $0.428 by May 17 and potentially climbing to $0.5796 by May 26, contingent on market conditions and investor sentiment.