ARB rises 12% on fivefold growth in network revenue
- —ARB added 12.18% over 24 hours, trading volume — $561.52 million (+5.25%)
- —Arbitrum's monthly revenue grew fivefold since July to ~$5 million
- —Standard Chartered initiated coverage of ARB with a $10 target for 2030
- —Short liquidations of $238,640 versus $97,750 in longs
Why it matters: Revenue growth and institutional interest could support ARB, but a trend change requires a close above resistance at $0.19.
Source: AMBCrypto