Arbitrum gains 10% – Will $7.6M in token unlocks stall ARB’s rally?
The post Arbitrum gains 10% – Will $7.6M in token unlocks stall ARB’s rally? appeared on BitcoinEthereumNews.com. After a prolonged downtrend, Arbitrum [ARB] recently broke out of a bearish channel. The altcoin jumped to a two-week high of $0.085 before slightly retracing. At press time, ARB was trading around $0.083 after rising by 10% on the daily charts. Over the same period, the altcoin’s volume jumped 118% to $105 million, indicating strong market participation. Arbitrum rebounds on Robinhood chain fee split ARB’s rebound was fueled by positive market news. Arbitrum developer Steven Goldfeder announced that 10% of fees collected on Robinhood Chain and other Arbitrum L2s will be directed to the Arbitrum ecosystem. He also added that 8% goes to the tokenholder-controlled treasury and 2% for development. Finally, 100% of fees collected on Arbitrum One will go to the Arbitrum treasury. This tokenomics approach is designed to counter the market inflation that has been weighing heav