Arbitrum Price Bounce Puts a Possible 12% Rally Scenario in Focus

Binance has formally asked ArbitrumDAO to hand back frozen crypto linked to a past hack. The decision now rests with Arbitrum's token holders and their governance vote. The request comes as ARB stages a sharp short-term rebound after a weak month. A release could return millions of tokens to circulation, which traders see as potential new supply. Traders now want to see whether buyers can turn this bounce into a breakout before the DAO decides. Binance has asked ArbitrumDAO to return 8,426 ETH and 74.56 million ARB linked to a hack.

Source: Crypto Daily