Arbitrum’s $ARB Struggles Despite Ecosystem Growth, 92% Of Holders In The Red

Once hailed as a promising token, $ARB has faced a steady decline in price since its launch in March 2023.

Despite Arbitrum’s growing success in terms of total value locked (TVL), stablecoin market capitalization, active addresses, trading volume, and an expanding ecosystem of developers and projects, the token’s value has not reflected these positive developments.

According to data from @intotheblock, a staggering 92% of $ARB holders are currently “out of the money,” meaning their investments are underwater as the token continues to bleed in price.

For many, the current market sentiment surrounding $ARB is bleak, and holders have undoubtedly seen better days.

$ARB holders have definitely seen better days