ARB Token Drops 5.98% After 103 Million Unlocks, Volatility Surges Amid Market Weakness

ARBUSDT has seen a 5.98% decline in the last 24 hours, with the current Binance price at 0.1069 USDT, reflecting ongoing bearish sentiment and increased volatility. This recent price drop is largely attributed to substantial token unlocks totaling approximately 103 million ARB, which added to circulating supply and potential selling pressure, as well as continued weakness across the broader cryptocurrency market. The asset’s decline also follows persistent downward trends, even as Arbitrum’s ecosystem has shown notable growth in tokenized real-world assets and stablecoin market cap. Over the past day, ARBUSDT traded between a high of 0.1215 USDT and a low of 0.1099 USDT, with 24-hour trading volume reported near $64.70 million and a circulating supply ranging between 5.82 and 8.59 billion ARB tokens.