Arbitrum Jumps 12% Following Robinhood Listing, Rebounding from Record Low
Arbitrum’s ARB token surged 12% on Wednesday after being added to the U.S.-based trading platform Robinhood (HOOD). The price jump comes just a day after ARB touched an all-time low of $0.35.
As of now, ARB is trading at $0.42, rebounding from its recent slump. Trading volume has also climbed by 10%, reaching $400 million over the past 24 hours.
Despite recent price struggles, Arbitrum’s total value locked (TVL) has held steady, currently at $2.8 billion—an increase from $2.5 billion in November, according to DeFiLlama.
However, ARB is still down 82% from its 2024 peak of $2.41. This steep decline is largely attributed to token emissions, with circulating supply expanding from 1.5 billion to 4.4 billion since March 2024. While this increase has put downward pressure o
