The trajectory of Arbitrum (ARB) is currently under intense scrutiny, fueled by recent data revealing a remarkable surge of over 95% in the past month. The cryptocurrency community is abuzz with discussions, particularly regarding potential airdrop-related influences on the ARB token’s price. Arbitrum, a prominent Ethereum Layer 2 scaling solution, faced a dip in its price, reaching $0.74 after achieving an all-time high of $11.79 in May. This decline was attributed to profit-taking activities and the impact of airdrop sales that gained attention in April 2023. 🌟 Four out of the top ten $ARB DAO airdrop receivers still hold 70%+
The post Arbitrum (ARB) Showcases Strong Momentum Amid General Market Sentiment appeared first on The Merkle News.
