ARB Token Surges 17.5% After PayPal Adoption, $1B Volume, and Major Unlock Anticipation

Arbitrum (ARBUSDT) has experienced a notable 17.52% price increase over the past 24 hours, rising from a 24h open of $0.4675 to a current price of $0.5494 on Binance. This surge is primarily attributed to PayPal's recent adoption of the Arbitrum network, which has significantly boosted market sentiment and trading activity. Additionally, anticipation surrounding the upcoming unlock of 92.65 million ARB tokens (about 2% of circulating supply) scheduled for August 16, 2025, has contributed to heightened market interest and volatility.

The asset saw a substantial increase in trading volume, with over $1 billion traded in the last 24 hours and ARB/USDT on Binance accounting for $131.2 million of this activity. Arbitrum's market capitalization now stands at approximately $2.81 billion, and technical indicators reflect a bullish trend, with the price breaking out of its recent range and strong buy signals reported across multiple timeframes.