$ARB already sold the Robinhood story into the unlock.
$0.20 on Sep 6. $0.133 now, sitting on the $0.132 low. Tomorrow 92.65M tokens hit, mostly team and investors, same session as the Fed. That’s ~1.4% of circulating supply and a known number, not a surprise.
Robinhood Chain fees are real and 10% of net revenue does flow back to the ecosystem. That did not stop a 33% fade from the local high. ARB is still trading like a monthly vesting token, not a claim on that fee stream.
$0.132 is the line. Lose it and you’re looking at the August base. The only thing the calendar does not tell you is how much of that unlock actually lands on Binance.