Arbitrum’s native token, ARB, has surged by over 21% in the last 24 hours, raising speculation about a potential partnership with online trading platform Robinhood. This price hike coincides with a significant increase in on-chain activity, suggesting further upward momentum could be on the horizon.
Why Did Arbitrum’s Price Jump by 21% in the Last 24 Hours?
According to data analytics firm Lookonchain, the recent double-digit increase in ARB reflects heightened market optimism regarding a possible collaboration between Robinhood and Arbitrum. This speculation gained traction late on June 29, 2025, following an announcement from Robinhood on its X account, which promoted an upcoming discussion featuring Ethereum co-founder Vitalik Buterin and Robinhood’s crypto CEO Johann Kerbrat.
2/ The rally in $ARB was fueled by speculation that Robinhood might partner with Arbitrum to build a blockchain platform enabling European investors to trade U.S. stocks. pic.twitter.com/P8TKREAXA2
— Lookonchain (@lookonchain) June 30, 2025
This chat, scheduled for June 30 at 19:45 CEST, will also be livestreamed on Robinhood’s X and YouTube channels. Analysts suggest that a partnership could enhance Arbitrum’s utility. On-chain data from DefiLlama indicates a 25% rise in active addresses, totaling over 418,400 in just 24 hours.
Price Predictions for Arbitrum: What Could Fuel Further Gains?
Amid Arbitrum’s recent surge, ARB tested a critical resistance level near $0.39 as bullish momentum builds. The trading patterns observed indicate increased activity among market makers, with GSR depositing 9.48 million ARB on Binance in the past week, and Wintermute receiving 50.1 million ARB from Anchorage Digital’s custody wallets.
Market data from DefiLlama shows Arbitrum generated over $300 million in decentralized exchange (DEX) trading volume in the past 24 hours, pushing its 30-day cumulative volume above $17 billion. Additionally, DefiLlama reports a 20% increase in chain revenue, reaching $2.59 million, reflecting higher usage of the network.
Coinglass data reveals that open interest has risen by 48% to $266 million. Technical indicators suggest the potential for further gains, with analysts hinting at a possible rally towards $1 in the short term. However, critical support levels to monitor include $0.30 and $0.26, should the momentum shift.
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