Ethereum

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Arbitrum

<p>The post <a href="https://coinpedia.org/news/97-of-arbitrum-holders-in-loss-is-arbitrums-future-dark/">97% of Arbitrum Holders in Loss: Is Arbitrum’s Future Dark?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The L2 ecosystem of the Ethereum blockchain is growing every day. However, Arbitrum, which had garnered hype, has not been able to sustain it. Among Ethereum’s layer 2 solutions, Arbitrum has emerged as the least performing L2.</p> 
<h2 class="wp-block-heading" id="h-arb-token-going-down">ARB Token going down</h2> 
<p>According to Messari’s data, Arbitrum has proven to be a loss-making deal for investors. Since its token launch in January 2023, it has been on a continuous decline. From October 23 to January 24, there were only three months during which the ARB token saw a slight rise. For the rest of the time, the ARB token has only disappointed its investors.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" width="1024" height="468" src="https://image.coinpedia.org/wp-content/uploads/2024/07/09202903/arb-chart-1024x468.png" alt="" class="wp-image-324924" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/09202903/arb-chart-1024x468.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/09202903/arb-chart-300x137.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/09202903/arb-chart-768x351.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/09202903/arb-chart-1536x702.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/07/09202903/arb-chart-150x69.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/09202903/arb-chart.png 1807w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source : TradingView
  </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="h-the-scary-data">The Scary Data</h2> 
<p>Data from IntoTheBlock shows that only 0.02% of holders are in profit, 3% are neither in profit nor in loss, while a significant 97% are in loss. More than 1.15 million addresses are bearing this loss burden. </p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
  <img decoding="async" width="309" height="128" src="https://image.coinpedia.org/wp-content/uploads/2024/07/09203002/arb-97-percent-loss.png" alt="" class="wp-image-324928" style="width: 100%;height:auto" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/09203002/arb-97-percent-loss.png 309w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203002/arb-97-percent-loss-300x124.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203002/arb-97-percent-loss-150x62.png 150w" sizes="(max-width: 309px) 100vw, 309px">
  <figcaption class="wp-element-caption">
   Source : IntoTheBlock
  </figcaption>
 </figure>
</div> 
<p>Additionally, only 29% of holders have held ARB for more than a year, while 60% have held it for more than a month, and 11% have held it for less than a month. Messari’s data confirms that 97% of holders are experiencing losses. </p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
  <img decoding="async" width="316" height="157" src="https://image.coinpedia.org/wp-content/uploads/2024/07/09203055/arb-holders-composition.png" alt="" class="wp-image-324931" style="width:194px;height:auto" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/09203055/arb-holders-composition.png 316w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203055/arb-holders-composition-300x149.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203055/arb-holders-composition-150x75.png 150w" sizes="(max-width: 316px) 100vw, 316px">
  <figcaption class="wp-element-caption">
   Source : IntoTheBlock
  </figcaption>
 </figure>
</div> 
<p>While Ethereum’s L2 ecosystem has seen better days compared to Arbitrum, it has never been fortunate. And the total volume of Arbitrum is also falling critically.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" width="1024" height="500" src="https://image.coinpedia.org/wp-content/uploads/2024/07/09203148/ARB-loosing-value-1024x500.png" alt="" class="wp-image-324932" style="width: 100%;height:auto" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/09203148/ARB-loosing-value-1024x500.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203148/ARB-loosing-value-300x147.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203148/ARB-loosing-value-768x375.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203148/ARB-loosing-value-150x73.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203148/ARB-loosing-value.png 1130w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source : Messari
  </figcaption>
 </figure>
</div> 
<p>When its token launched in 2023, there was a high level of activity surrounding it. Arbitrum’s airdrop attracted investor interest. Furthermore, several DApps were launched on Arbitrum. In January 2024, Arbitrum set its all-time high record at $2.39. Since then, the ARB token has fallen by almost 76%.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
  <img decoding="async" width="437" height="334" src="https://image.coinpedia.org/wp-content/uploads/2024/07/09203428/ARB-loss-lifeline.png" alt="" class="wp-image-324936" style="width: 100%;height:auto" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/09203428/ARB-loss-lifeline.png 437w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203428/ARB-loss-lifeline-300x229.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203428/ARB-loss-lifeline-150x115.png 150w" sizes="(max-width: 437px) 100vw, 437px">
  <figcaption class="wp-element-caption">
   Source : IntoTheBlock
  </figcaption>
 </figure>
</div> 
<p>Looking at Glassnode’s data, it is evident that there has been an overall decline in ARB token trading volume in the past 24 hours. </p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" width="1024" height="598" src="https://image.coinpedia.org/wp-content/uploads/2024/07/09203508/arbitrum-1-1024x598.png" alt="" class="wp-image-324939" style="width: 100%;height:auto" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/09203508/arbitrum-1-1024x598.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203508/arbitrum-1-300x175.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203508/arbitrum-1-768x449.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203508/arbitrum-1-1536x897.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203508/arbitrum-1-150x88.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/09203508/arbitrum-1.png 1551w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source : Glassnode
  </figcaption>
 </figure>
</div> 
<p>The most significant decline was observed in the ARB/USDC pair on Bybit, which fell by 75.49%. However, there has also been an increase in OI volume. Looking at this, it seems that traders are <a href="https://coinpedia.org/price-prediction/arbitrum-arb-price-prediction/">confident</a> that the price of ARB will rise.</p>

97% of Arbitrum Holders in Loss: Is Arbitrum’s Future Dark?

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