Coinbase Pro has seen massive buy orders of 90k-100k, causing the volume to jump from 200k to 3.5 million in a short period. This indicates a bullish trend reversal. The reason for this is the accumulation of ARB by whales, as Arbitrum already works with many protocols and developers are building more. The potential for growth in DeFi and GameFi is significant. The rise in $ARB whale activity can be attributed to a few catalysts. Firstly, the Total Value Locked (TVL) in ARB has increased by 9%, while Optimism’s TVL has decreased by 3%. On-chain development on Arbitrum is also more significant compared to other L2 solutions. The “smart money” is holding onto ARB, and daily accumulated users are on the rise. Additionally, the Arbitrum ecosystem is expanding with the listing of projects like Counter Fire and Sharp Labs. In conclusion, the sudden surge in ARB suggests that something significant is happening, and projects like RDNT, GMX, UNI, CVX, PENDLE, and GRAIL are benefiting from the increased liquidity.
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