Shocking: 97% of Arbitrum (ARB) Holders Are Deep in the Red

IconCryptoNewsTerminal Staff09 Jul, 2024

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Shocking: 97% of Arbitrum (ARB) Holders Are Deep in the Red

Despite being a leading Layer2 project, Arbitrum (ARB) shows that 97% of its current holders are underwater, according to crypto market data analysis platform IntoTheBlock. This means that the vast majority of people who have bought and held ARB are currently losing money on their investment. The price of ARB has been on a downward trend in recent months, and it is currently trading at around $1.00, well below its all-time high of $1.97. There are a number of factors that could be contributing to the losses suffered by ARB holders. One possibility is that the recent market downturn has led to a decrease in demand for cryptocurrencies in general. Another possibility is that investors are losing confidence in Arbitrum as a project. Whatever the reason, it is clear that the majority of ARB holders are currently facing losses on their investment.

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