Arbitrum ranked second in monthly perpetual futures trading volume across decentralized exchanges, with $79.60 billion, compared with $215 billion for Hyperliquid. Its perpetual futures open interest exceeded $1 billion, while stablecoin transfers on the chain reached $5.10 billion over one week. Despite this activity, ARB fell more than 3% in 24 hours and traded around $0.16. Daily unlocks of more than 478,000 tokens and an upcoming unlock of 93.14 million tokens scheduled for November 16 weighed on demand. Technically, the $0.14 support level remains crucial, while a deeper correction could take ARB toward $0.11, with $0.25 representing a potential upside target.
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