By CryptoNews - 1 year ago - Reading Time: 1 minutes
Arbitrum Price Prediction as $1 Billion ARB Proposal Goes Wrong – Here's Where ARB is Heading Now
Following a much-hyped airdrop, ARB surged to an all-time high of $11.80, only to experience a sharp drop – currently trading at $1.21, reflecting a significant 90% decline from its peak.This massive pullback is mainly attributed to an overwhelming selling pressure caused by the ‘buy the rumors sell the news narrative.” Investors positioned themselves for the March 23 airdrop but started dumping ARB tokens immediately....
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Original source: CryptoNews