#ARBUSDT ( Arbitrum ) - Time to Sell Arbitrum (ARB)? 8.95 Million Tokens Sent to Binance

Arbitrum, a leading Ethereum Layer 2 scaling solution, experienced a substantial asset shift among investors after its recent token unlocking.

In Brief

After Arbitrum's recent token unlocking event, approximately 8.95 million ARB tokens, valued at $16.4 million, were transferred to Binance.

This move, often interpreted as bearish in the crypto market, coincided with a broader downturn, causing ARB's price to drop to $1.62.

Despite the price decline, Arbitrum remains a dominant force in the Ethereum layer-2 space, boasting significant transaction volume and TVL.