Arbitrum, the Layer 2 project developed for the Ethereum blockchain, gained value after the statement made on social media.
Following the announcement made on the Arbitrum Foundation’s official X (formerly Twitter) account ARB price gained approximately 10%. According to CoinGecko data, ARB is at the time of writing It is trading at $0.97.
In a statement made by Arbitrum earlier today, only “Tomorrow.” The statement was included. This sharing made it possible for investors to big news created the expectation that it might come.
Tomorrow.
🪐
— Arbitrum (💙,🧡) (@arbitrum) October 25, 2023
Following the recent grant program organized by Arbitrum Developed on the Arbitrum blockchain Approximately 29 projects in total 50 million ARB tokens worth $40 million was distributed.