Ark Invest latest holdings disclosure: a one-day purchase of Block stock worth $37.40 million and Circle stock worth $3.40 million. This is the “buy the dip to pile into leading stocks, then test new tracks with small positions” playstyle Cathie Wood is known for. Block represents the migration of traditional payments to crypto settlement, while Circle is the top player in stablecoin infrastructure—both additions point to the on-chain payments main narrative.
In comparison with the current market: ARB is trading at $0.1114, up 29.2% over the past 24 hours. Ark timed its setup for the stablecoin track ahead of Circle’s parent company IPO. As the leading L2, ARB is already capturing the migration of payment-related traffic, with a surge in trading activity occurring at the same time. The logic behind the original strategy’s track selection remains valid, but today’s ARB has already moved out of the bottom range. If you follow Ark’s “build positions in batches” pacing, then chasing at the current price needs to leave room for a pullback ladder. #ARB
In comparison with the current market: ARB is trading at $0.1114, up 29.2% over the past 24 hours. Ark timed its setup for the stablecoin track ahead of Circle’s parent company IPO. As the leading L2, ARB is already capturing the migration of payment-related traffic, with a surge in trading activity occurring at the same time. The logic behind the original strategy’s track selection remains valid, but today’s ARB has already moved out of the bottom range. If you follow Ark’s “build positions in batches” pacing, then chasing at the current price needs to leave room for a pullback ladder. #ARB