Arbitrum's ARB token is under significant bearish pressure, dropping roughly 96% from its all-time high and experiencing double-digit losses in the last 24 hours. Long traders faced liquidations totaling over $750,000, while shorts lost under $7,500, indicating strong selling against bullish positions. On-chain data shows a net outflow of nearly $191 million in stablecoins from the Arbitrum network since mid-June, signaling users are exiting. Despite some support levels that previously triggered rallies, current indicators suggest continued selling pressure, with potential price targets near $0.073 if the downtrend persists. Overall, investor confidence appears to be fading as money leaves the network and holders offload ARB tokens.
Robinhood Chain, an Ethereum Layer 2 network, generated about $843,000 in user fees but paid only around $1,600 to Ethereum for settlement and data availability. This large revenue gap has reignited debate on how much value Ethereum captures from Lay...
On July 16, 92.65 million ARB tokens worth about $8.53 million will be unlocked, representing 1.65% of the circulating supply. These tokens will be split between the Arbitrum team, advisors, and investors. Despite the unlock, ARB's price has recently...
On July 13, DeXe (DEXE), a decentralized asset management platform, surged 27.29% to $48.54, making it the top gainer among altcoins. This rise highlights growing investor interest in innovative trading and investment platforms. Meanwhile, other altc...
This week, geopolitical tensions in the Middle East caused a brief risk-off sentiment in the crypto market, pushing Bitcoin and altcoins lower before Bitcoin stabilized above $63,000. Protocol-based altcoins like DeXe (up 73%), Arbitrum (up 20%), and...
DeXe (DEXE) surged 7.04% to $38.16, topping the altcoin gainers due to recent improvements in its governance model, pushing its market cap to $1.78 billion. Other notable gainers include Arbitrum, Uniswap, Worldcoin, and Aave, each rising between 4% ...
