Arbitrum (ARB) Faces New Lows as Whale Dumps 60 Million Tokens

Arbitrum (ARB) is facing significant downward pressure following a massive liquidation by a major holder in the open market. A whale recently offloaded 60 million ARB tokens, sparking market fears that the asset could soon hit a new all-time low (ATL). Despite a broader recovery across the cryptocurrency market, ARB has struggled to gain momentum or align with positive industry trends. Analysts point to a lack of sustained investor demand as a primary reason for the token's persistent price weakness. This large-scale sell-off has triggered anxiety among retail investors, potentially leading to further panic selling. Currently, the asset remains underperforming compared to its peers in the altcoin sector, clouding its short-term recovery prospects.