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Arbitrum whales, retail sellers drain ARB: Will it sink to new lows?

In the last 24 hours, ARB saw a significant selling wave with a negative chain netflow totaling 13.8 million USD. This has resulted in a price drop of 10.28%, contributing to a larger loss over the past month.

The number of active addresses has dropped by 40.46% recently, indicating a waning interest among retail investors. If current trends persist, ARB might decline to its November 2024 low of 0.459 USD or even to 0.42 USD, its all-time low.

This is community-generated content, not advice from ONUS.
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