ARB Token Surges 19.51% on Binance Amid PayPal Integration and Major Institutional Moves

Arbitrum (ARBUSDT) has experienced a notable 19.51% price increase over the past 24 hours, rising from a 24h open of $0.4798 to a current price of $0.5734 on Binance. This surge is primarily attributed to several bullish developments, including the tokenization of CMBI's USD Money Market Fund on the Arbitrum network, PayPal's recent integration with Arbitrum, and the completion of GMX's $44 million compensation plan for liquidity providers. Technical indicators, such as a potential double bottom pattern near $0.4578, have also contributed to positive sentiment and increased trading activity. The 24-hour trading volume on Binance reached approximately 354.39 million ARB (about 186.87 million USDT), with overall market capitalization estimated between $1.96 billion and $2.95 billion. The upcoming unlock of 92.65 million ARB tokens scheduled for August 16, 2025, may introduce future volatility, but current momentum remains strong amid heightened institutional and retail interest.