TechFlow news, according to Blockworks, ARB token traded above $2 for most of January as investors flocked to Ethereum-related tokens amid the approval of spot Bitcoin ETFs, driving a significant increase in the value of Arbitrum's treasury holdings.
Data from DeepDAO shows that the value of Arbitrum's treasury has risen from approximately $3 billion in October 2023 to a peak of $7 billion, currently pulling back to around $6.6 billion. However, due to ARB's lack of market depth to absorb most of its value, the DAO currently does not possess spending power on the scale of tens of billions of dollars.
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