ARB surged 37% yesterday, and volume directly expanded by 10x.
Why did it go up?
First, the chain built with Robinhood using Arbitrum technology—Robin Chain has to pay rent to ARB. On August 30, DEX trading hit $870 million; the money made in a single day even beat Ethereum’s. Naturally, the market is excited.
Second, the ArbOS 61 (Elara) upgrade added compliance filtering. In plain terms, it makes it easier for institutions to enter. Institutions come in with big money, and big money is what creates the行情 (market momentum).
Third, rumors say there’s a $100 million ecosystem fund. The details haven’t been finalized, but the market has already priced in enthusiasm.
But don’t rush to chase: on September 16, 92,630,000 ARB tokens are scheduled to be unlocked, worth about $9 million. Plus, the first 100 wallets hold 77% of the supply—this coin’s steering wheel isn’t in the hands of retail investors.$ARB
Why did it go up?
First, the chain built with Robinhood using Arbitrum technology—Robin Chain has to pay rent to ARB. On August 30, DEX trading hit $870 million; the money made in a single day even beat Ethereum’s. Naturally, the market is excited.
Second, the ArbOS 61 (Elara) upgrade added compliance filtering. In plain terms, it makes it easier for institutions to enter. Institutions come in with big money, and big money is what creates the行情 (market momentum).
Third, rumors say there’s a $100 million ecosystem fund. The details haven’t been finalized, but the market has already priced in enthusiasm.
But don’t rush to chase: on September 16, 92,630,000 ARB tokens are scheduled to be unlocked, worth about $9 million. Plus, the first 100 wallets hold 77% of the supply—this coin’s steering wheel isn’t in the hands of retail investors.$ARB
