Arbitrum Nears Record Low After $9.65M Token Unlock

Edgen Crypto

·Mar 23 2026, 03:10

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Key Takeaways

The price of Arbitrum (ARB) is approaching its all-time low as a significant token unlock and waning ecosystem activity create selling pressure. The token's decline reflects broader market trends where capital is bypassing Layer 2 protocols in favor of other assets, compounding the negative impact of increased token supply.

Price Nears All-Time Low: On March 22, ARB's price dropped 3.53% to $0.0929, positioning it less than 1% above its record low of $0.0883.
Unlock Increases Supply: The decline followed a $9.65 million token unlock on March 16, which increased ARB's circulating supply by 1.78%.
Ecosystem Momentum Fades: A key perpetuals exchange on Arbitrum, Aster DEX, saw its market share collapse from 40% to 20%, signaling weakening fundamental activity on the network.

ARB Drops 3.53% to Brink of All-Time Low

Arbitrum's native token (ARB) fell 3.53% on March 22, bringing its price down to $0.0929. The move places the token just shy of its all-time low of $0.0883, a critical support level. A break below this floor could trigger a wave of automated stop-loss orders and further selling, potentially accelerating the downward price trend as the token enters a new phase of price discovery.

$9.65M Token Unlock Precedes Price Decline

The selling pressure mounted after a scheduled token unlock on March 16. The event released 1.78% of Arbitrum's circulating supply, worth approximately $9.65 million, into the market. Such unlocks increase the number of tokens available for sale, and often exert downward pressure on an asset's price, particularly in a market already exhibiting bearish sentiment.

Fundamental weakness within the Arbitrum ecosystem appears to be compounding the token's decline. Aster, a major perpetuals decentralized exchange (DEX) that utilizes Arbitrum, has experienced a significant drop in user activity. The DEX's market share in perpetuals trading volume has been cut in half, falling from 40% to just 20%. Its weekly trading volume also plummeted from a peak of nearly $74 billion in October 2025 to less than $10 billion by mid-March 2026. This decline in on-chain activity suggests that capital is migrating away from productive protocols on Layer 2 networks like Arbitrum, contributing to the negative outlook for its native token.

ARB Drops 3.53% to Brink of All-Time Low

$9.65M Token Unlock Precedes Price Decline

Key DEX Market Share Halves to 20%