Whales bought 40 million ARBitrum taking advantage of the market dip. Apparently, there is confidence in the project as it has an important functionality because it is a layer 2 protocol built on Ethereum to solve speed and capacity issues.
It implements an innovation known as optimistic rollups, which executes Ethereum transactions off the blockchain.
It has potential as a smart contract platform to create decentralized applications (dApps).
I personally believe that it has a lot of growth potential in the medium term and that the current price is a great opportunity #Arbitrium $ARB