Arbitrum Explodes 20% as Yapyo SocialFi Mania Triggers Flywheel Effect — $0.5 Next?

Key Points

1. Arbitrum's ARB token rose 20% in 24 hours, reaching $0.3582, and has gained 34.42% weekly, recovering from June lows of $0.2527.

2. The Yapyo SocialFi presale, requiring ARB, USDC, and ETH, drove demand and trading activity, with a 590% volume increase to $770 million.

3. Rumors of a Robinhood-Arbitrum partnership, including a fireside chat with Ethereum's Vitalik Buterin, further fueled the rally.

4. Whale activity, including a 20 million ARB transfer to market maker GSR, suggests institutional interest in Arbitrum.

5. Arbitrum-native tokens like GRAIL also surged, with network fundamentals showing growth, including a $2.5 billion TVL and $3.3 billion stablecoin market cap.