Arbitrum
Why Arbitrum is down 1.0% in the last hour
Analysis
Arbitrum (ARB) slipped about 1.0% over the past hour as traders reacted to security-related governance headlines on the network. The Block reported that the Arbitrum DAO started a vote to release 30,766 frozen ETH to DeFi United following the Kelp DAO attack, a development that can raise near-term risk sensitivity and weigh on sentiment toward 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.