The Offchain Labs team has started purchasing ARB from the market to replenish the treasury and support ecosystem growth. The buyback will happen gradually, but exact volumes have not been disclosed
Currently, ARB is trading at $0.32, which is 86% below its all-time high of $2.42 in January 2024. Despite this, Arbitrum remains in the top 10 blockchains by TVL, and the project continues to grow
Let’s see how this impacts the price!