The Arbitrum (ARB) Layer-2 blockchain has surged back to life, recording a remarkable 20% increase in value over the last 24 hours. This surge is largely fueled by heightened enthusiasm surrounding the upcoming launch of the Yapyo SocialFi presale.
As of the latest updates, ARB is trading at $0.3582, having peaked briefly at $0.3891, recovering from significant psychological support levels near $0.30.
Source: Finance Newso
This uptick brings the token’s weekly performance to an impressive 34.42%, fully recovering from its June lows of $0.2527.
Momentum from Yapyo SocialFi Ignites Arbitrum’s Growth
The rally seen in Arbitrum is closely linked to the forthcoming launch of Yapyo, a platform dedicated to tracking social sentiment. Built on the Arbitrum network, Yapyo leverages advanced AI-driven SocialFi infrastructure from providers Kaito and CookieDAO.
With the presale set to start at 1:00 PM UTC, there has been a surge in demand for ARB, USDC, and ETH on the Arbitrum network—currencies essential for participating in the presale’s first-come, first-served event.
STAY ALERT.
Presale drops Monday @ 1PM UTC, with a 30-min head start for Top Yappers.
Leaderboard shows the last 24h, but the final snapshot will lock in the full 7D grind.
You’ve still got time to yap ‘til Monday morning (UTC).
Yap fast.
Rank high.
Secure your spot.
Powered… pic.twitter.com/YxTL33Vw5b
— YAPYO (@yapyo_arb) June 28, 2025
The heightened excitement has resulted in substantial trading volume, with Arbitrum experiencing a staggering 590% increase over the past 24 hours. More than $770 million worth of ARB has exchanged hands during this time.
Source: CoinMarketCap
This trading volume is particularly significant when considering Arbitrum’s market capitalization of approximately $1.8 billion, resulting in a notable market cap-to-volume ratio of 42.45%.
The recent price movement has revived optimism among supporters of Arbitrum, with many speculating that the token could potentially retouch the $0.5 level, a mark it has not crossed since February.
Cryptocurrency trader GL_crypto has shared confidence in Arbitrum’s upward trajectory, indicating that traders should look for bullish confirmations that could establish $0.51 as a new support level.
$ARB W1 TF
(quoted post)
Drop into the first lower range and a 35% bounce so far.
Projection looks good, but it still needs bullish confirmations (to reclaim $0.51 as support).
NFA
Updates on https://t.co/yNsxRvQK1A https://t.co/NRm1SgRauQ pic.twitter.com/jhlYhXegsM
— GL Crypto (@glcrypto1618) June 30, 2025
A technical analyst has pointed out that ARB seems to be forming a descending channel pattern and has advised traders to keep a close watch for a potential breakout that could result in gains of 80% or more.
Speculation Around Robinhood Partnership Fuels Interest
In addition to the enthusiasm surrounding Yapyo, there are emerging rumors about a possible partnership between Robinhood and Arbitrum aimed at creating a blockchain platform for European investors interested in trading U.S. equities.
An upcoming fireside chat in Cannes featuring representatives from Robinhood, Arbitrum (Offchain Labs), and Ethereum co-founder Vitalik Buterin has intensified speculation regarding talks of a collaboration.
ALERT : ROBINHOOD looks to be launching an L2 with ARB tech stack.
• Bloomberg: Robinhood building a blockchain platform for EU stock trading
• Tomorrow’s fireside chat in Cannes (7:45pm CEST) features Robinhood, Arbitrum (Offchain Labs), and Ethereum’s Vitalik Buterin… pic.twitter.com/q2tBLuTa9a
— Front Runners (@frontrunnersx) June 29, 2025
Additionally, activity from large-scale investors suggests increasing institutional interest in Arbitrum. Last week, a multisig wallet linked to Gelato Network moved 20 million ARB tokens (approximately $5.39 million) to market maker GSR.
In the wake of this transfer, GSR has ramped up its trading activity with ARB, with its public wallet depositing 9.48 million ARB ($3.1 million) on Binance, indicative of a systematic accumulation strategy.
Source: Lookonchain
Tokens native to Arbitrum are also showing robust performance today. The GRAIL token from the Camelot DEX has surged by 34% in the past day, likely buoyed by Yapyo’s exclusive launch on the Camelot platform.
Arbitrum’s overall metrics continue to trend positively, with data from DefiLlama revealing that the total value of assets locked on the Layer-2 network has reached around $2.5 billion.
Source: DefilLama
Network activity remains strong, with approximately 440,000 wallet addresses engaging on the chain over the past week, reflecting a 20% rise compared to May.
The stablecoin market capitalization on Arbitrum has now exceeded $3.3 billion, maintaining a lead of over $1 billion against competing platforms like Polygon, Sui, Avalanche, and Aptos.
Technical Trends Indicate Potential Further Gains
The 30-minute ARB/USDT chart displays a promising bullish structure following a consolidation phase.
Prices initially rebounded from support within the $0.30-$0.32 range, buoyed by an upward-trending 100-period moving average that suggests sustained momentum.
Source: TradingView
A temporary downward channel formed after this initial ascent, indicating a minor correction. However, the breakout beyond the upper boundary of this channel, followed by a successful retest and rebound, signifies a bullish continuation pattern.
Currently, price action remains above the $0.35 level, with the RSI having rebounded from mid-levels at around 54.96, suggesting potential for further upside before entering overbought territory.
If this momentum continues, price targets could reach resistance levels at $0.3828, $0.4009, and potentially $0.4229.
The post Arbitrum Explodes 20% as Yapyo SocialFi Mania Triggers Flywheel Effect — $0.5 Next? appeared first on Finance Newso.
