Arbitrum Drops 11.15% in One Hour as Market Volatility Intensifies

Arbitrum (ARB) fell 11.15% in one hour on Oct. 8, dropping from $0.184 to $0.1633 in a sharp move that underscored renewed volatility across the altcoin market.

ARB’s decline extended its weakness over the broader 24-hour period, with the token down 11.11%. It reached an intraday high of $0.1887 before reversing lower.

Trading volume totaled $14,551,681.72 over 24 hours, showing active trading during the selloff. Social-media discussions around Arbitrum also intensified as traders reacted to the rapid price change.

The move came as cryptocurrency markets showed mixed price action, leaving Arbitrum among the assets drawing heightened short-term attention.