ARB Token Drops 5.36% Amid $322M Trading Surge as Major Holders Move 16.75M ARB

Arbitrum (ARBUSDT) has experienced heightened volatility in the past 24 hours, with the price declining by 5.36% to $0.3265 on Binance. This price movement is attributed to several key developments: large deposits of 16.75 million ARB by major investors and Paradigm Capital to exchanges, which may have increased selling pressure; recent launches such as the ARB/USDC trading pair on Binance and tokenized U.S. stock trading on Arbitrum via Robinhood and Gemini, which have driven ecosystem interest but also contributed to short-term fluctuations. Despite positive ecosystem news and a recent partnership with Robinhood to enhance blockchain scalability, the influx of tokens to exchanges and ongoing market resistance have led to a pullback from recent highs.

Currently, ARBUSDT trades at $0.3265 with a 24-hour trading volume exceeding $322 million and a market capitalization of approximately $1.63 billion, reflecting active trading and continued volatility within a $0.30 to $0.37 price range.