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Can ARB Hit a New ATH? Arbitrum Pumps on Potential Robinhood Deal - Crypto News Flash
Robinhood confirmed the listing on March 5, pushing Arbitrum (ARB) from roughly $0.38 to $0.42 within hours, a gain in the 12–15% range. Within hours, ARB rallied from around $0.38 to $0.42, a 15% surge, as both retail traders and larger investors rushed in.
Fast forward to today, and it’s déjà vu: Robinhood has once again injected fresh energy into ARB’s market performance.
Fireside Chat Coming to Cannes
Robinhood took to X to announce a high-profile “fireside chat” in Cannes featuring Ethereum co-founder Vitalik Buterin, Robinhood Crypto GM Johann Kerbrat, and Arbitrum’s Chief Strategy Officer A.J. Warner. Scheduled for tomorrow at 7:45 pm CEST, both on Robinhood X and YouTube, this event is expected to be a marquee moment, possibly the biggest crypto spotlight of the year from the platform’s side.
The presence of key figures from both Ethereum and Arbitrum signals serious recognition of ARB’s growing influence.
In May, Bloomberg reported that Robinhood has been quietly working on a blockchain-based platform to give European traders access to U.S. financial assets. They’re considering Arbitrum, Ethereum (ETH), and Solana (SOL) as possible blockchains for the new platform, partnering with a digital asset firm. If Arbitrum becomes the chosen chain, it could be a game-changer.
In response to Robinhood X’s post, Omar Kanji, a partner at venture firm Dragonfly, said, “Pure speculation, but imo Ethereum + Arbitrum + RH only means one thing.” Although nothing is confirmed, the market is already excited. Imagine how ARB could skyrocket if the information is confirmed.
According to data from DefiLlama, Arbitrum recorded 446,083 active addresses in the last 24 hours, with 22,995 new addresses created and a total of 2.76 million transactions processed during the same period. As stated earlier by CNF, Hive is now live on Arbitrum.
This tool enables developers to access real-time blockchain data using natural language queries, making it easier to connect smart bots, AI agents, or other on-chain applications directly through a simple API call.
This integration strengthens Arbitrum’s position in the AI-powered Web3 space. Robinhood has also been busy. A recent CNF report highlighted that it introduced micro futures contracts for XRP and Solana in the U.S., a move that follows its earlier launch of similar products for Bitcoin and Ethereum in January, signaling its continued expansion into crypto derivatives.
ARB’s 24-hour trading volume has increased by a staggering 591%, now standing at $774 million. This means that traders, institutions, and possibly whales are starting to circle back, fueling momentum. ARB itself has climbed 15.9% in the past day and a solid 34% in the last week, currently trading around $0.36.
While that’s impressive, it still sits well below its all-time high from January 12, 2024, off by about 84%. Traders are watching closely: clearing the $0.45–$0.50 resistance zone could pave the way to targets around $0.56 or even $0.69. Conversely, a dip below the key support at $0.38 could see ARB pull back toward $0.35.