Uniswap On Arbitrum Nears $150 Billion In Swap Volume

Uniswap, one of the worlds largest decentralized exchanges (DEX) by total value locked (TVL), is approaching a major milestone on Arbitrum, the largest layer-2 by TVL on Ethereum. According to data from Dune Analytics shared by Uniswap Labs, Uniswap on Arbitrum is on the cusp of surpassing a staggering $150 billion in total swap volume. Riding The [...]

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Arbitrum (ARB) Bounces from Support: Will It Reach $0.670 or Fall Back?

Arbitrum (ARB) is trading within the descending channel on a daily timeframe, and the recent bounces from the support level have attracted the attention of the crypto community. If it is able to break above the upper boundary of the market, which is currently resistant, it can cause the ARBs price to climb to higher […]

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Arbitrums Massive $107 Million Token Unlock Threatens To Send Price Below $1

Arbitrum (ARB) runs the risk of a significant price decline due to its upcoming token unlock on April 16. These token unlock events are known to be a recipe for high volatility because of what could happen in the aftermath of their occurrence.  $107 Million Arbitrum Tokens Set To Be Unlocked Data from TokenUnlock shows that 92.65 million Arbitrum tokens (3.49% of its circulating supply) are set to be unlocked on April 16. 56.13 million ($65.10 million) of these tokens will be distributed to the team, future team, and advisors, while the remaining 36.52 million ($42.36 million) will be distributed to investors.  Related Reading: Dogecoin Whales Send 800 Million DOGE To Exchanges, Dump Incoming? Token unlocks are usually followed by a wave of massive sell-offs from the beneficiaries, which causes the tokens price to drop. As such, Arbitrums price could also suffer the same fate once these tokens are distributed. However, this wont be the first time, considering Arbitrum suffered a significant price decline during its last token unlock on March 16.  Data from CoinMarketCap shows that Arbitrums price, which closed the previous day at above $2, dropped to $1.8 on March 16. However, it is worth noting that the magnitude of this months token unlock is nothing compared to last months, when 1.11 billion Arbitrum tokens (41.89% of its circulating supply) were unlocked.  Therefore, the impact of any potential sell-off on the market might not be as severe as the last time. Despite that, Arbitrum still risks dropping below the $1 support level for the first time in a long while, as it is currently hovering around that price range.  Other Token Unlocks To Watch Out For $76.96 million worth of Axie Infinity (AXS) tokens (7.6% of circulating supply) will also be unlocked this week on April 17. 3.10 million of these tokens will be distributed as staking rewards, while 6.08 million and 1.69 million tokens will be distributed to the team and ecosystem fund, respectively.  Related Reading: Bitcoin Miners To Lose A Whopping $10 Billion Following The Halving Heres Why Meanwhile, like Arbitrum, Apecoin (APE) is another token that risks dropping below $1 with its upcoming token unlock on April 17. $18.57 million worth of Apecoin tokens (2.48% of circulating supply) will be unlocked, with most of these tokens going to the Yuga Labs founder. A significant drop in Apecoins price could further compound the bearish outlook of the Yuga Labs ecosystem, as the Bored Ape NFT is already down 90% from its peak.  ARB price drops to $1.11 | Source: ARBUSDT on Tradingview.com Featured image from CoinGape, chart from Tradingview.com

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Arbitrum Gains Tempered By Obstacles, Hindering ARB’s Further Upswing

Arbitrum (ARB)’s gains have been tempered by various challenges, hindering its further upswing. The declining inflows of stablecoins on the Arbitrum network have raised concerns among investors and enthusiasts alike, as it signals potential obstacles for the growth and development of the decentralized finance (DeFi) sector.  As a Layer-2 scaling solution for Ethereum, Arbitrum initially [...]

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Arbitrum Token Sell-Off: Whales Transfer $58M To Exchanges Following Unlock, ARB Price Reacts

On Saturday, March 16, the Layer 2 protocol Arbitrum (ARB) unlocked 1.1 billion ARB tokens as part of its 2024 roadmap. This event led to a significant decline in the native token’s value, with losses of up to 18% reported over the past week.  In the past 24 hours, more whales have been sending ARB tokens to exchanges for selling, indicating a potential further drop in the protocol’s prices. This token unlocking marks the beginning of a four-year phased process, releasing a specific number of tokens every four weeks until 2027. 11 Whales Dump $58 Million Worth Of ARB Tokens Following the massive unlocking of ARB tokens, analysis firm Lookonchain revealed that 11 whales deposited 34 million ARB tokens (equivalent to $58 million) into exchanges.  Additionally, on-chain data provider “The Data Nerd” noted that trading firm Wintermute has been continuously depositing ARB tokens for the past 48 hours, potentially for selling purposes.  The data provider notes that digital asset trading firm Wintermute now holds only 7.22 million ARB tokens worth $12.35 million, indicating that they have already deposited or sold $18.12 million worth of ARB over the past few days. Related Reading: Solana Market Cap Set To Skyrocket 1,000%, Says Crypto Fund CEO The ARB token has been on a 29% downtrend since reaching its all-time high (ATH) of $2.39 on June 12, 2024. Following the unlock event, ARB traded as high as $1.96 but dipped to $1.61 within 48 hours.  The token has managed to reclaim the $1.68 level despite being in the red zone over the past 24 hours if the price drops further, ARB’s potential support walls are identified at $1.56, $1.46, and potentially as low as $1.32. Arbitrum Post-Unlock Journey  NewsBTC reported that there has been only one previous unlock event for ARB tokens. On the first day after the unlock, ARB experienced a 3% increase, indicating positive market sentiment and initial demand.  However, the token’s price gradually declined, reaching a low of -21% approximately 21 days after the unlock event. Interestingly, around the 25-day mark, the price began significantly recovering, surging by 19% above the unlock-day level.  These patterns suggest that while Arbitrum may face initial downward pressure post-unlock, there is potential for recovery and positive price movement in the following weeks. Related Reading: SOL Price Crosses $200 Milestone, Whats Next For Solana? The future trajectory of ARB’s price action remains uncertain despite experiencing a 15% drop from its first unlock day. Drawing from the past unlock event, if historical patterns hold, there may be a further 6% decrease, aligning with the previous 21% drop observed 25 days after the first Arbitrum unlock event.  This hypothetical scenario would place Arbitrum at $1.57, indicating a favorable mid-term uptrend structure. However, it is crucial to note that past patterns do not guarantee identical outcomes in current price trading. Nevertheless, analyzing historical data can provide valuable insights and help understand and assess potential price movements. Featured image from Shutterstock, chart from TradingView.com

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ARB price to $2? Ethereum L2 rival Arbitrum will double in April, fractal suggests

The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set to resume its uptrend in the coming weeks. Polygon price fractal The cues for a bullish Arbitrum token could be traced back to its Ethereum L2 [...]

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Is Arbitrum Promise Fading? Downtime, Metrics Decline Raise ARB Price Alarms

Arbitrum (ARB), a Layer-2 scaling solution for Ethereum, has been on an eventful journey, with its promise of enhanced scalability and efficiency facing continuous scrutiny. Recent downtime incidents and declining metrics have raised concerns among investors and users, challenging the network’s resilience. This kind of downtime raises concerns about the network’s stability and the potential impact on users and DeFi protocols running on the platform. Traders and investors, already cautious about the rapidly evolving cryptocurrency landscape, may need more time to engage with a network facing repeated disruptions. Related Reading: Dogecoin Ascendance: How It Captured PEPE Investors’ Attention ARB Incident Raises Eyebrows A notable incident was reported via Twitter, where Arbitrum seemingly experienced a block production halt for approximately 15 minutes. The information surfaced through the Arbitrum scanner, but the exact cause of the disruption remained unclear. It was uncertain whether the issue originated from the scanner itself or if the network had indeed stopped producing blocks during that time.  looks like Arbitrum was down for ~15min a little bit ago? or arbiscan rugging again idk pic.twitter.com/h1evcO6wIP — Spreek (@spreekaway) July 25, 2023 This occurrence was not an isolated event for Arbitrum, as it had previously faced outages, including one in January that prompted a public statement from Offchain Labs, the team behind the development of Arbitrum. Challenges In Metrics And TVL In addition to the downtime concerns, Arbitrum has been experiencing declining metrics and a recent slump in its token price. As per CoinGecko, the cost of ARB stood at $1.20, with a 24-hour rally of 2.8%. However, over the last seven days, the token declined 8.1%, reflecting the uncertainty and hesitancy among investors following the downtime incidents. Source: Coingecko Another crucial metric, the Total Value Locked (TVL) on Arbitrum, experienced a slight decline over the past few weeks. While it managed to stay above the significant threshold of $2 billion, the overall value has decreased. At the time of writing, the TVL was approximately $2.10 billion, which indicates that some users may have withdrawn their assets from the platform or opted for other alternatives amidst the recent concerns. As of today, the market cap of cryptocurrencies stood at $1.1 trillion. Chart: TradingView.com Insights And Future Outlook Arbitrum’s journey has been a roller-coaster ride, with ups and downs testing its capabilities and investor confidence. The recent downtime incidents highlight the challenges faced by layer 2 solutions as they work towards improving Ethereum’s scalability and user experience. Related Reading: Polygon Warning Signs Point To Slide In MATIC Price On Support Breakdown Moving forward, the team at Offchain Labs and the broader community have promised to address these concerns head-on. Moreover, continuous efforts to improve the platform’s stability, security, and performance will be paramount to ensure that Arbitrum can fulfill its promise of being a reliable and scalable solution for Ethereum. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from ZebPay

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Arbitrum (ARB) Rises 20% In A Single Week Amidst Massive Whale Activity

The Arbitrum (ARB) token has been on the rise lately, with a 20% price increase in the past seven days. The cryptocurrency is the native token of the Arbitrum network, which is a Layer-2 scaling solution for the Ethereum blockchain. This protocol is designed to boost transaction speed, enhance scalability, and improve privacy on the Ethereum [...]

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The Big Arbitrum Price Prediction– Are We Seeing $4 to $5 Soon?

What potential scenarios could lead to an ARB price prediction of $4 to $5. Let's take a look at Arbitrum Price Prediction.

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Arbitrum (ARB) Price Prediction for 2023, 2024, and 2025

We aim to provide potential trajectories for Arbitrum prices for 2023, 2024, and 2025. Let's delve into this Arbitrum price prediction.

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Whale’s ARB Accumulation Rekindles Momentum For DeFi Token – Here’s Why

Arbitrum (ARB), a prominent governance token in the decentralized finance (DeFi) ecosystem, recently witnessed a decent surge in price following renewed buying activity from a well-known DeFi whale address.  Large-scale investors often influence market sentiment and can significantly impact the price of a given asset. However, as the rally unfolds, questions arise about the sustainability [...]

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Arbitrum price soars after DeFi whale address resumes ARB accumulation

ARB’s price notched a double-digit gain after a popular DeFi whale address resumed buying the governance token, but is the rally sustainable?

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