Arbitrum (ARB) Faces Network-Wide Decline as Whales Sit on Sidelines

ARB, the native token of the leading Layer 2 (L2) network Arbitrum, has dropped significantly in the past few weeks. On July 5, the altcoin traded at an all-time low of $0.57. Although ARB’s price has since climbed 22%, the decrease in user demand for the L2 network threatens to erase these gains.  Arbitrum Witnesses User Exodus On-chain data has shown a decline in user demand... source: https://beincrypto.com/arbitrum-arb-faces-network-wide-decline/