Arbitrum
Why Arbitrum is up 1.1% in the last hour
Analysis
Arbitrum (ARB) rose 1.1% over the past hour as traders reacted to governance-related developments on the network. The move follows reporting that the Arbitrum DAO has started a vote to release 30,766 frozen ETH to DeFi United in response to the Kelp DAO attack, a headline that can draw near-term attention and liquidity to ARB.
Contributing Factors (1)
Arbitrum DAO starts vote to release 30,766 frozen ETH to DeFi United, following Kelp DAO attack
The Arbitrum Security Council froze 30,766 ETH that the Kelp DAO attacker had moved to an Arbitrum One address.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.