ARB Token Surges 5.97% as Whale Activity and Robinhood Partnership Drive $100M+ Volume

Arbitrum (ARBUSDT) has experienced a 5.97% price increase over the last 24 hours, currently trading at $0.3425 on Binance. The recent price movement is primarily attributed to heightened activity from large holders, including Paradigm Capital transferring 16.75 million ARB tokens to major exchanges, and increased whale inflows since June 25. Additionally, positive sentiment was driven by Robinhood's partnership with Arbitrum to offer tokenized U.S. stocks and ETFs to EU consumers, as well as related announcements involving industry leaders. Despite some short-term volatility and mixed technical signals, trading volume remains strong, with the 24-hour volume exceeding $100 million and market capitalization around $1.6 to $1.8 billion, reflecting continued investor interest and Arbitrum's prominent role in Ethereum's layer-2 ecosystem.