Arbitrum (ARB) surged 27% in a single day, reaching around $0.11, its highest point since late May. Its market capitalization surpassed $730 million, making it the 86th-largest cryptocurrency. The rally was fueled by Robinhood Chain, which generated over $1 million in fees in 24 hours, with 10% of protocol revenue flowing back to the Arbitrum ecosystem. Analysts target $0.1495 and $0.1729, but the RSI indicator at 73 suggests a potential short-term correction. The token remains 98% below its all-time high reached in spring 2023 above $5.
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