Arbitrum’s ARB jumped 17% amid speculation of a partnership with Robinhood, only to tumble over 10% the next day as investors offloaded millions in tokens.
By Parth Dubey
Editor Julia Sakovich
Updated
2 mins read
After a sharp 17% surge on June 30 driven by partnership speculations, Arbitrum’s native token ARB ARB $0.33 24h volatility: 8.5% Market cap: $1.63 B Vol. 24h: $524.64 M has retraced over 10%, currently trading around $0.32, down almost 5% in the last 30 days.
ARB’s recent price surge was largely the result of speculations surrounding a partnership with Robinhood.
On June 29, Robinhood Crypto teased its “biggest crypto announcements of the year” with a fireside chat at Cannes featuring Ethereum’s Vitalik Buterin, Robinhood Crypto’s Johann Kerbrat, and A.J. Warner from Offchain Labs.
So uhh, is Robinhood launching an L2 with the Arbitrum tech stack? https://t.co/2HqJaonTgE pic.twitter.com/mHtYFR0yQJ
— AJC (@AvgJoesCrypto) June 29, 2025
This immediately triggered rumors that Robinhood might integrate Arbitrum into its upcoming blockchain infrastructure for European stock trading.
Adding to the hype, former Ethereum core dev Eric Connor suggested that “Robinhood chose Arbitrum,” igniting hopes of a long-term strategic partnership. The result was a parabolic rally in ARB.
Looks like Robinhood chose Arbitrum https://t.co/oq29GIieKA
— Eric Conner (@econoar) June 29, 2025
Within 12 hours of the price surge, The Data Nerd reported that early investors, including Paradigm Capital, transferred approximately 16.75 million ARB tokens (worth around $5.85 million) to centralized exchanges like Binance and Coinbase.
Within 12 hours, #Paradigm_Capital and early investor of $ARB deposited totally 16.75M $ARB (~$5.85M) into #Binance and #Coinbase.
Address:https://t.co/pjwZDoenTihttps://t.co/sdjvhx4ZIr pic.twitter.com/zLygtvkUuf
— The Data Nerd (@OnchainDataNerd) July 1, 2025
Such large-scale movement typically signals an intent to sell, and the price action confirms it: with a 10% drop. The timing indicates classic “buy the rumor, sell the news” behavior.
On the daily chart, the BoP indicator is deeply negative at -0.86, reflecting dominant seller control in the market. Meanwhile, the RSI on the daily chart has dropped to 48.88, with the moving average at 43.27.
These momentum indicators reveal that the ARB rally has lost momentum and is vulnerable to deeper corrections unless fresh bullish catalysts emerge soon.
ARB Daily Chart with RSI and BoP | Source: TradingView
For ARB, the immediate support lies at the 0.236 Fib level of $0.2937. If broken, price could test the recent local bottom at $0.2526. On the other hand, bulls face resistance at $0.38 (0.618 Fib) and $0.4267 (swing high).
A break above $0.4267 could open the gates to higher targets at $0.5343 (1.618 Fib), $0.7085 (2.618 Fib), and even $0.99 (4.236 Fib), though such upside would require sustained bullish momentum.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
