Arbitrum (ARB) Soars With Ethereum ETF Launch Approaching
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The price of ARB, Arbitrum's native token, surged by over 5% ahead of the Ethereum ETF launch on July 23. Along with the price increase, the Arbitrum network saw significant growth in total value locked (TVL) and NFT sales. TVL increased by 10% to $3.25 billion in the past week, marking its highest since launching in August 2021. NFT sales volume rose by 66% to $1.16 million. Despite these gains, ARB's Relative Strength Index (RSI) suggests a neutral market condition, implying possible sideways trading or a potential decline if current buying momentum doesn't sustain.
Source: beincrypto.com ↗
