ARB Token Surges 17.73% as PayPal Adoption and Major Unlock Drive $1B Trading Volume

ARBUSDT has experienced a significant 17.73% price increase over the past 24 hours, rising from 0.4750 to 0.5592, with trading volume exceeding $1 billion. This surge is primarily attributed to positive sentiment following PayPal's adoption of the Arbitrum network and anticipation surrounding the upcoming token unlock of approximately 92.65 million ARB scheduled for August 16, 2025. Technical indicators remain bullish, with the price trading above key moving averages and the RSI at 60.19, suggesting further upside potential. The current market capitalization stands at approximately $2.83 billion, with a circulating supply of about 5.15 billion ARB tokens and a 24-hour price range between 0.4675 and 0.56.