ARB has recently had favorable news, with over 70 U.S. stocks deployed by Robinhood, including: Amazon, Google, GameStop, UPS, Costco, etc., all deployed onto the Arbitrum public chain and launched as tokens.
ARB had previously accumulated funds and has also been buying up in the last six months.
This time, ARB is likely to be a spot market play; whether there will be a big market depends on the sentiment of the main players and the overall market. The basic narrative, fund accumulation, and sentiment are all sufficient.