ARB Token Surges 3% Amid Major Unlock, Robinhood Layer 2 Testnet, and $1.8B Liquidity Boost

ARBUSDT has experienced increased volatility in the past 24 hours, with its current price at $0.0988, marking a 3.02% rise from its 24-hour open of $0.0959 according to Binance data. The recent price action is largely attributed to broader market dynamics, including a widespread altcoin sell-off and institutional ETF outflows, which contributed to bearish sentiment earlier in the week. Additional factors influencing price include the unlocking of approximately 92 million ARB tokens and the launch of Robinhood's Arbitrum-based Layer 2 testnet, which processed 4 million transactions in its first week, providing a positive long-term outlook for the ecosystem. The market is also reacting to new developer tools from the Arbitrum Foundation and the deployment of Tether/USDT0, with $1.8 billion entrusted, further supporting ongoing development and liquidity. Overall, ARBUSDT saw active trading volume and notable price fluctuations, reflecting a mix of short-term selling pressure and positive technological advancements within the Arbitrum network.