Arbitrum Reaches $2 Billion Trade Volume in One Day! Expectations Raised!

long awaited Arbitrum (ARB) The airdrop took place yesterday. Binance, Coinbase, Huobi and MEXC The price of ARB, which is listed on exchanges such as, rose above $ 10 when it was first listed.

However, after a major decline ARB, It continues to trade at $1.49 on the Binance exchange.

Although ARB has experienced a big drop, analysts state that they are optimistic about ARB’s future and price.

According to the news of Coindesk, the ARB token saw more than $2 billion in trading volume in the first 24 hours after it was listed.

That’s $2 billion ARB Cryptocurrency exchanges Bitget and Huobi contributed to the transaction volume with a volume of $ 250 million, while the decentralized exchange UniswapA transaction volume of 227 million dollars was seen in .

In this context, he stated that ARB has a good future and expects growth. BTSE CEO Henry Liu He said about ARB:

“When Airdrop just started, we have seen and are seeing a heated trading environment for ARB tokens.

Airdrops logically garner a lot of retail attention, but often cause the price to drop as merchants quickly empty their tokens.

But despite the selling pressure from the airdrop, we expect a bullish run for ARB.

However, it is not yet clear what the potential benefit of Arbitrum is or whether the integration into Arbitrum’s wider DeFi system can provide a new impetus for the bullish sentiment.”

*Not investment advice.