ARB Price Drops 10% as Early Investors Take Profits
The post ARB Price Drops 10% as Early Investors Take Profits appeared on BitcoinEthereumNews.com.
Key Notes ARB surged on Robinhood partnership rumors but quickly reversed after a major whale selloff. Paradigm and early investors dumped $5.85M worth of ARB within hours of the rally. RSI and Balance of Power indicate fading momentum and rising bearish pressure. After a sharp 17% surge on June 30 driven by partnership speculations, Arbitrum’s native token ARB ARB $0.33 24h volatility: 12.9% Market cap: $1.62 B Vol. 24h: $640.85 M has retraced over 10%, currently trading around $0.32, down almost 5% in the last 30 days. ARB’s recent price surge was largely the result of speculations surrounding a partnership with Robinhood. The Robinhood Effect On June 29, Robinhood Crypto teased its “biggest crypto announcements of the year” with a fireside chat at Cannes featuring Ethereum’s Vitalik Buterin, Robinhood Crypto’s Johann Kerbrat, and A.J. Warner from Offchain Labs. So uhh, is Robinhood launching an L2 with the Arbitrum tech stack? https://t.co/2HqJaonTgE pic.twitter.com/mHtYFR0yQJ — AJC (@AvgJoesCrypto) June 29, 2025 This immediately triggered rumors that Robinhood might integrate Arbitrum into its upcoming blockchain infrastructure for European stock trading. Adding to the hype, former Ethereum core dev Eric Connor suggested that “Robinhood chose Arbitrum,” igniting hopes of a long-term strategic partnership. The result was a parabolic rally in ARB. Looks like Robinhood chose Arbitrum https://t.co/oq29GIieKA — Eric Conner (@econoar) June 29, 2025 The Dump: Early Investors Cash Out Within 12 hours of the price surge, The Data Nerd reported that early investors, including Paradigm Capital, transferred approximately 16.75 million ARB tokens (worth around $5.85 million) to centralized exchanges like Binance and Coinbase. Within 12 hours, #Paradigm_Capital and early investor of $ARB deposited totally 16.75M $ARB (~$5.85M) into #Binance and #Coinbase. Address:https://t.co/pjwZDoenTihttps://t.co/sdjvhx4ZIr pic.twitter.com/zLygtvkUuf — The Data Nerd (@OnchainDataNerd) July 1, 2025 Such large-scale movement typically signals an intent to sell, and the price action…
Filed under: News - @ July 1, 2025 8:28 am