Arbitrum
Why Arbitrum is down 13.3% today
Analysis
Arbitrum (ARB) fell 13.3% over the past 24 hours after reports that an Arbitrum DAO-related account was breached, which likely triggered a risk-off reaction and sell pressure. AMBCrypto noted the token slid on the breach headline before showing signs of stabilizing within hours, but the initial security concern appears to have driven the day’s decline.
Contributing Factors (1)
ARB slides on DAO account breach – But price stabilizes within hours
The valuation may have cushioned the sell-off.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.