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Arbitrum price soars after DeFi whale address resumes ARB accumulation By Cointelegraph

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On June 2, the price of Arbitrum jumped alongside the top-ranking cryptocurrencies after the United States Senate voted to raise the debt limit.

The price of Arbitrum (ARB) rose 9% to an intraday high of $1.25, beating the crypto market’s total overall gains of 1.5% in the same period.

ARB/USDT vs. total daily price chart. Source: TradingView
Andrew Kang’s crypto activity snapped on June 2. Source: Lookonchain
ARB/USDT daily price chart. Source: TradingView