ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1
Arbitrum is at an interesting place in its existence. Standard Chartered just slapped a $10 price target on it by 2030, $0.50 by eoy. Partly due to Robinhood Chain. Arb's been getting paid because rhood built on top of them.
Just the other day Robinhood ate Solana's lunch and took the lead i
n volume and transactions. The new norm? Expand further even?
And with Robinhood's success, it just opens the door for tokenized stocks/RWAs and institutional finance to build on Arbitrum as well.
I took a long trade, but it's just a basic scalp for now. I think it builds up, up until the 93 million ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1 tokens get unlocked today. I'd expect some sell pressure to come in, but with the longer term vision looking bright, it might all get snatched up by institutions and whales.
Who knows? I know with the clarity act failing today it took the wind out of the sails of the recent optimism shown across the market, but crypto is fine and still is the future regardless what one country does or doesn't do. We're right around the corner to the next halving in bitcoin:native here in 2028. The money will come, it always does.
So many coins are still below what was the bottom and strong support. It will get reclaimed and we'll see stupid returns of 50x, 100x, 1,000x again. Just buy what you can afford and hold, you got this.