After a highly publicized airdrop, ARB, the new token in the Arbitrum ecosystem exploded to $11.80 – the all-time high before dumping to trade at $1.21, which represents a 90% downswing from the record high. This massive pullback is mainly attributed to an overwhelming selling pressure caused by the ‘buy the news narrative.” Investors positioned themselves for the March 23 airdrop but started dumping ARB tokens immediately.... Read More: Arbitrum Price Prediction as $1 Billion ARB Proposal Goes Wrong – Here's Where ARB is Heading Now
