ARB Token Surges 19% as PayPal Adoption and Major Unlock Event Drive $1.1B Volume

Arbitrum (ARBUSDT) has experienced a notable price increase of 19.46% over the past 24 hours, currently trading at $0.5666 on Binance. This surge is primarily attributed to positive market sentiment following PayPal's adoption of the Arbitrum network and heightened activity related to upcoming events, including the scheduled unlock of approximately 92.65 million ARB tokens on August 16, 2025. Additional developments, such as GMX's $44 million compensation distribution and the deployment of CMBI's USD Money Market Fund on Arbitrum, have further supported market interest. The asset saw a substantial rise in trading volume, reaching approximately $1.1 billion, with a market capitalization between $2.83 billion and $2.93 billion, reflecting strong investor engagement and bullish momentum.