ARB Token Surges 17.5% on Robinhood Blockchain Buzz Before Retracing Amid High Volatility

Arbitrum (ARB) experienced significant volatility over the past 24 hours, primarily driven by speculation and optimism related to a potential partnership with Robinhood, following Robinhood’s public confirmation of a new blockchain product built on Arbitrum and a high-profile event featuring representatives from Robinhood, Arbitrum, and Ethereum. This led to a sharp price rally, with ARB gaining up to 17.5% intraday and trading volume surging by over 400%; however, the price subsequently retraced as no formal partnership announcement was made, and traders reacted to broader market volatility.

As of the latest Binance data, ARBUSDT is trading at $0.3399, down 6.31% over the past 24 hours from an open of $0.3628, with a circulating supply of 4.96 billion ARB and market capitalization between $1.69 and $1.80 billion, reflecting high trading activity and ongoing short-term price fluctuations.