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Seven whales parted with a total of $16 million worth of ARB at a loss $8.15 million in the last 30 hours.

Amidst the recent crypto market downturn, several significant players, including Jump Trading, Wintermute Trading, and Abraxas Capital, initiated large-scale transfers of BTC, Arbitrum (ARB), and ETH to various crypto exchanges, as per on-chain data.

Invezz.com reported how Arbitrum price exhibits a downside trend amid weakened futures market. The continued price dip has left 99% of ARB investors with massive losses, and it may take time to witness recoveries. Arbitrum price hits new lows Arbitrum has struggled with bearishness this month, hitting new lows three times since early September.

Rollbit, Arbitrum, and The Graph bear the brunt of crypto market fluctuations as Bitcoin falls below $25k for the first time since June.

ARB price slumps to a new low as a decline in TVL, active addresses engaging with its DApps and a general malaise across the crypto market take their toll.

Crypto markets dropped sharply on Monday, with bitcoin's price dipping below $25,000.

At least three ARB whales might be selling their tokens as Arbitrum's DAO asset loses over 33% in price in 30 days. One of them still owns a massive stake of ARB tokens to sell.

This indicates that no validator has challenged another over potential dishonesty or inaccuracies in transaction batches.

Three prominent whales orchestrated a series of transactions that sent ripples through the blockchain.

Arbitrum (ARB), the fast-growing Ethereum scaling network, saw its token plunge to a record low on Monday. The token slipped to a low of $0.80, much lower than its record high of $1.88. This decline brought its market cap to more than $1 billion. Arbitrum's token decline coincided with more weakness in the futures market.

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the $26,000 level on Monday. Ethereum (CRYPTO: ETH) also traded lower, falling below the key $1,600 mark this morning.

The Arbitrum (ARB) price broke down from the $0.90 support area at the beginning of September and fell to a new all-time low today.

The Arbitrum community has initiated snapshot voting for their groundbreaking "Short-term Incentive Program" proposal, denoted as AIP, and the voting period will culminate on September 18, 2023.

Although it was launched two years after Optimism and Arbitrum, zkSync has surpassed them in terms of total NFT volume.

Offchain Labs co-founder Ed Felten said there were one or two fraud challenges submitted on a version of Arbitrum running on the Ethereum proof-of-work fork after the Merge, which was defeated.

A whale has been buying ARB for more than a week. The token witnessed a price correction as its value dropped by over 3%.

According to Lookonchain monitoring, since September 3, a certain whale spent 2,000 ETH to buy 3.64 million ARB.

Users can now transfer native USDC from the Arbitrum market to different chains via Circle's cross-chain transfer protocol (CCTP), without needing to bridge back to Ethereum.

Arbitrum hit a bearish zone and could tip sellers to gain market entry and push it lower.

In an exciting and groundbreaking move, the Arbitrum community is gearing up to unveil a forward-thinking program aimed at propelling the growth of their burgeoning network. This ambitious proposal, which has recently been introduced on the Arbitrum community forum, is set to allocate a substantial 75 million ARB rewards from the DAO (Decentralized Autonomous Organization) treasury to actively support the protocol in addressing immediate community needs.

Stellar (XLM) has seen an 8% price increase, suggesting a potential mini breakout. XMR's market value is around $21.3 million, with a balanced sentiment.

A significant whale recently invested $1.31 million in ARB, rekindling interest in the protocol.

Arbitrum ($ARB) Incentives Working Group proposes a Short-Term Incentive Program to distribute 75 million ARB tokens from DAO-funded incentives to active protocols on the Arbitrum network. The program aims to support network growth, experiment with incentive strategies, find new grant models, and collect incentive data for future programs.

"Arbitrum Short-Term Incentive Plan" allocates 75 million ARB from the DAO treasury for community support.