What Is Arbitrum and Why Is It a Big Deal ? The price of Arbitrum is $1.40 today with a 24hour trading volume of 1 billion dollar. This represents a 2.7% price increase in the last 24 hours and a 4% price increase in the past 7 days
Arbitrum is a rollup chain designed to improve the scalability of Ethereum. It achieves this by bundling multiple transactions into a single transaction, thereby reducing the load on the Ethereum network. a rollup chain is a layer 2 solution that aggregates and processes transactions off-chain, before submitting a single transaction to the Ethereum mainnet. This means that users can enjoy faster and cheaper transactions, while still benefiting from the security and decentralization of the Ethereum network.Arbitrum's native token is called the Arbitrum token, or ARB for short. The token is used to pay for transaction fees on the Arbitrum network and also serves as a means of governance for the protocol. Holders of ARB can participate in decision-making processes, such as proposing and voting on protocol upgrades or changes.
Smart Money Accumulating ARB !
The ARB airdrop, as expected culminated in a sell-the-news narrative, with token holders cashing out in large numbers. However, the token’s fundamentals have not faltered amid an influx of funds from institutions and other large-volume buyers – smart money. Following the announcement of the airdrop on March 16, tokens within the Arbitrum ecosystem exploded including Magic (MAGIC), GMX (GMX) Radiant Network (RDNT), and Gains Network (GNS).
ARB has launched into an ecosystem with strong fundamentals, which are likely to cool off the token’s downside in the coming weeks. Moreover, accumulation among investors, taking advantage of the dump after the airdrop could provide the necessary momentum for ARB to rally again.
next targets are 1.45 and 1.5$
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we hit all targets
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Trade closed: target reached
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A giant whale dumped 3.8M AMEX:ARB(3.21M) for CRYPTOCAP:ETH on #Binance at a loss of ~1.3M today.The whale withdrew 17.62M AMEX:ARB(21M) from #Binance on April 4 and April 5, the average withdrawal price is 1.19.And the whale currently holds 13.78M AMEX:ARB(11.5M).
Trade active
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Arbitrum plans to launch a 400M Gaming Ecosystem program
Arbitrum Foundation eyes 200M LSE:ARB tokens (worth around 390M at the moment) crypto gaming fund with a proposal to DAO. The 160M LSE:ARB will be allocated to incentivize publishers and builders to create new games on Arbitrum. The other 40M LSE:ARB would support infrastructure initiatives such as creating tools needed to support gaming within Arbitrum. Xai Games NASDAQ:XAI, the gaming Layer 3 in the Arbitrum ecosystem, is among the proposal contributors.
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Arbitrum Foundations Grants Program is moving to Phase 3 End of Phase 2: Application form for Phase 2 will close on April 3, 2024 Start of Phase 3: Fresh applications for Phase 3 will open on April 15, 2024