In $ARB 24 hours, it dropped 8 percentage points. The price slid from 0.2344 all the way down to 0.2074, hitting a low of 0.2003. This volume is 169M. Honestly, it doesn’t look like a panic sell-off; it feels more like someone is slowly distributing from key positions. On-chain, I’ve been watching a few large-holder addresses. Over the past two days, there have been whales transferring coins to exchanges—amounts aren’t huge, but the frequency has increased. This kind of action is usually not a good sign, but it’s not at the stage of everyone fleeing. Community sentiment is pretty split: some people are calling 0.2 a solid bottom, while others say it should go back to 0.15. I’ve also seen a few KOLs stuck in the same debate—basically, no one dares to go heavy and buy at this level. $ARB is in the L2 track. Right now, the whole narrative around the track is pretty cold, and capital has moved to chase AI agents and memes. L2’s TVL hasn’t dropped much, but the coin price just isn’t being cared about.

$ARB #行情分析 #On-chain data