ARbit or Arbitrum? Traders Flock to ARB Token, Send Prices Skyrocketing
- The price of the ARB token surged to a high of $0.027 through the previous week.
- The surge in ARB tokens could possibly be due to traders mistakenly trading the wrong token.
- ARbit has been considered outdated since its introduction in 2015 and is presumed to be abandoned.
Traders in the crypto world were in for a big surprise recently as the price of ARbit’s native token (ARB) skyrocketed by an astounding 2,000%. The alleged cause of this unexpected surge was confusion with the highly anticipated Arbitrum token.
As traders rushed to invest in what they believed had an upcoming token airdrop, they inadvertently poured their funds into ARbit, causing prices to soar. The phenomenon has left many scratching their heads, but one thing is for sure: ARbit’s sudden rise to fame is a prime example of the unpredictable nature of the cryptocurrency market, as highlighted by experts.
During the course of the last twenty-four hours, the value of an ARB token has increased by more than thirty percent, reaching a new all-time high of $0.01136.
Yet, throughout the previous week, the price of ARB has increased from a low of…
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