Techub News reported that ARB, the native token of Arbitrum, rose nearly 30% over the past 24 hours and broke above about $0.118. The move also pushed the token above a downtrend line that had capped it for months. At the same time, Arbitrum futures trading volume climbed to $814.13 million, up 713.64%, while open interest increased 62.09% to $157.06 million, according to CoinPedia.
Arbitrum’s native token ARB rose nearly 30% over the past 24 hours, breaking above about $0.118 and moving past a downtrend line that had held it down for months.
The rally came alongside a sharp jump in derivatives activity. Arbitrum futures trading volume reached $814.13 million, up 713.64%, while open interest climbed 62.09% to $157.06 million.
CoinPedia reported the figures.
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