Standard Chartered initiated coverage of Arbitrum (ARB) with a $10 price target by end of 2030, representing roughly 70 times gains from $0.14. The token surged 12.39% to $0.1513 while the broader crypto market fell, with total market cap down 6.26% to $2.60 trillion over 24 hours. The bank projects a price path through $0.50 this year, $1.50 in 2027, and $3.50 in 2028. The bullish thesis is driven by Robinhood Chain, live since July 1, which is expected to generate around $5 million in September revenue for Arbitrum, five times its previous monthly revenue. Approximately 92.3% of the maximum supply of 10 billion tokens has vested, with the final tranche due March 2027.
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