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Arbitrum freezes $30M in tokens amid price drop and decentralization debate

Market News
03 Nov 2026, 11:30 WIB
AMBCrypto
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Bearish
Arbitrum freezes $30M in tokens amid price drop and decentralization debate

Arbitrum's Security Council froze $30 million worth of Ethereum and ARB tokens linked to a Binance exploit, sparking debate about the network's decentralization. The freeze followed a market-wide sell-off that pushed ARB prices down 4.5%, with technical indicators suggesting potential further declines to $0.141 and $0.131. The frozen funds can only be moved through an Arbitrum DAO governance vote, highlighting ongoing governance challenges. Investors are watching closely to see if ARB can recover or continue its downward trend in the near term.

While Arbitrum's ARB token fell 4.5% in the news, on Pluang it is down 3.41% at Rp2.804 as of Nov 03, 2026 16:41 WIB, trading below its circulating supply of 6.9 billion tokens out of 10 billion total. In contrast, Ethereum (ETH) shows a smaller 1-day decline of 0.78%, priced at Rp41.186.868 with a much larger market cap of Rp4.990,86T. ARB's market cap of Rp19,34T and its 42% sell order activity on Pluang highlight a more volatile and less liquid profile compared to ETH's Rp170,16T 24-hour volume and steadier buy interest.

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