Arbitrum has found itself under renewed pressure after a sharp wave of capital outflows unsettled market confidence.

In the last 24 hours, roughly $56.9 million exited the Arbitrum ecosystem, according to Artemis, raising concerns about whether the recent attempt at a price rebound can survive.

Arbitrum capital outflow against ARB’s price decline

The outflow comes at a time when ARB was already trading near historical lows, leaving little room for error.

The token is hovering around the $0.096 region, a level that now carries heavy psychological weight for traders and long-term holders alike.

Despite the sell pressure, Arbitrum’s broader network activity has not collapsed.

According to data from Artemis, daily transactions and active addresses have shown resilience, suggesting that users are still interacting with the chain even as capital flows out.

This disconnect between network usage and token price has become one of the most talked-about themes around ARB.

It reflects a market where sentiment and liquidity matter more in the short term than raw on-chain activity.

The outflows appear to be driven more by capital rotation than by a fundamental rejection of Arbitrum itself.

A portion of the existing funds moved back into Ethereum, while some flowed into newer or more speculative ecosystems.

This behaviour signals caution rather than panic, as traders look for short-term safety or higher volatility elsewhere.

Still, the impact on ARB’s price has been hard to ignore.

Over the past month, the token has lost nearly half of its value, underperforming many comparable assets.

The decline has also been accompanied by weakening market sentiment, with bullish conviction fading quickly.

Derivatives data adds another layer of concern.

Funding rates have slipped into negative territory, showing that short positions are gaining dominance.

When combined with heavy outflows, this setup often leads to choppy price action rather than a clean recovery.

At the same time, selling pressure appears to be slowing near the current lows.

ARB recently printed a fresh all-time low around $0.093, only to bounce modestly afterwards, suggesting that buyers are willing to defend this zone, at least for now.

However, confidence remains fragile.

Any further surge in capital exiting the network could push ARB back toward that low with little resistance in between.

On the other hand, if outflows ease and market conditions stabilise, ARB could attempt to build a short-term base.

Such a base would not guarantee a strong rally, but it could reduce downside risk.

ARN price prediction

For now, Arbitrum (ARB) sits at a crossroads between stabilisation and continuation of its broader downtrend.

Much will depend on whether sentiment improves or deteriorates further in the coming days.

From a technical perspective, the $0.093 to $0.095 zone stands out as the most critical support area.

A clear daily close below this range would expose ARB to deeper losses, with little historical structure to slow the fall.

On the upside, the $0.100 to $0.105 region acts as the first meaningful resistance.

This area aligns with prior breakdown levels and could attract selling from traders looking to exit on relief rallies.

On the upside, a recovery would require ARB to reclaim the $0.12 level, which previously acted as short-term support.

Until that happens, rallies are likely to be viewed as corrective rather than trend-changing.

And while momentum indicators remain weak, early signs of seller exhaustion are starting to appear.

For traders, patience is key, as volatility around these levels can be deceptive.

A sustained hold above $0.10 could improve short-term outlooks, while a breakdown below $0.093 would likely reinforce bearish control.

The post ARB price prediction as $56.9 million in capital exits Arbitrum network appeared first on CoinJournal.

ARB price prediction as $56.9 million in capital exits Arbitrum network

Source: https://coinjournal.net/news/arb-price-prediction-as-56-9-million-in-capital-exits-arbitrum-network/

Arbitrum (ARB) traded around $0.10 at the time of writing on Wednesday, with bulls looking to break above $0.11 following an intraday dip amid broader market weakness.

Ethereum and XRP prices were all down on the day as Bitcoin dropped under $65k again.

The slight dip for ARB as of early US trading hours came as the latest network developments saw Robinhood announce the public testnet launch of its real-world asset platform on Arbitrum.

Arbitrum price hovers near $0.10

The ARB token traded at highs of $0.22 on January 14, 2026. However, as bearish sentiment that has carried from Q4, 2025 decimated crypto bulls, ARB steadily fell and hit lows of $0.099 on Feb 5.

Despite a bounce to $0.12, prices are back near this critical level.

On Wednesday, broader weakness remained a key factor across crypto.

However, Arbitrum shared news that the Robinhood Chain was now live in public testnet, and developers can tap into its infrastructure to support tokenized real-world and digital assets.

Robinhood Chain testnet is now live on the Arbitrum platform.

Phase 1 focuses on developer onboarding and infrastructure testing:

Testnet gas + Stock Tokens
Contract deployment
Bridging + explorer visibility

This allows tokenized asset flows to be tested without production… pic.twitter.com/gtLvKDxVVH

— Arbitrum (@arbitrum) February 11, 2026

From a network growth viewpoint, this is hugely positive news for Arbitrum.

But can bulls ride it as a fresh catalyst for a rebound? The altcoin is down more than 20% in the past week and by over 45% in the past month.

Arbitrum price forecast

As noted, the ARB token has experienced a sharp decline since peaking at highs of $0.62 in August 2025.

The October 10 crash saw it plummet to lows of $0.10.

Prices briefly steadied to $0.36, but the overall downtrend resumed and ARB broke to $0.094 amid the February 5, 2026, crypto market route.

That crash below the critical support level of $0.10 accelerated the weakness, and an extended downtrend of five months saw the token hit its all-time low.

ARB price is up 13% from that low, but in terms of technical analysis, the daily chart shows ARB continues to trend with an entrenched bearish structure.

For instance, the current price is below the 20-day EMA, which offers upside resistance around $0.13.

Meanwhile, the Relative Strength Index (RSI) hovers in oversold territory at 24, signaling potential exhaustion.

However, there’s no immediate reversal formation yet, and the Supertrend indicator is flashing bearish signals.

The price trajectory points lower, and short-term bearish continuation could see ARB dip to a new all-time low under $0.09.

On the flipside, if oversold conditions trigger a bounce, the further strength above $0.13-$0.15 highlights the next targets at $0.22 and $0.35.

The post Arbitrum price forecast: what’s next amid 45% ARB downturn? appeared first on CoinJournal.

Arbitrum price forecast: what’s next amid 45% ARB downturn?

Source: https://coinjournal.net/news/arbitrum-price-forecast-whats-next-amid-45-arb-downturn/

The blockchain industry’s liquidity fragmentation problem has a new solution.

Everclear, the interoperability protocol formerly known as Connext, has launched cross-chain asset settlement on Mantle Network.

The partnership will allow users to convert wrapped Ethereum (wETH) from major chains including Ethereum, Arbitrum, Base, and Polygon directly into Mantle’s mETH token in under 60 seconds.

The integration bypasses traditional bridging entirely, marking a significant infrastructure breakthrough for decentralized finance adoption.​

The partnership tackles one of DeFi’s most stubborn challenges: liquidity fragmentation.

As blockchain ecosystems have proliferated, identical assets now exist in multiple representations across different networks.

This fragmentation creates inefficiency, higher costs, and friction that deters both retail and institutional participation.

Everclear’s clearing infrastructure solves this problem by netting cross-chain flows and automatically rebalancing inventory, dramatically reducing redundant liquidity and operational costs.​

How the settlement layer works

The mechanics are elegant in their simplicity. Users holding wETH on any supported chain select Mantle as their destination.

Everclear’s solver network fills the intent immediately, delivering mETH to the user’s wallet while managing settlement and rebalancing operations behind the scenes at optimal pricing.

The result is zero slippage, fast execution, and capital efficiency that traditional bridges cannot match.​

Nikita Bulgakov from the Everclear Foundation explained the vision:

Everclear was built to be the settlement layer for a fragmented, multi-asset future. By connecting different representations of the same asset, we enable partners like Mantle and mETH Protocol to offer a truly chain-abstracted experience to users.​

Accelerating Mantle’s institutional adoption

Mantle has emerged as a serious contender in the liquidity infrastructure space, anchoring over $4 billion in community-owned assets and positioning itself as the premier gateway for institutions connecting with on-chain liquidity and real-world assets.

The mETH Protocol, Mantle’s flagship liquid staking solution, achieved a peak total value locked of $2.19 billion and is now integrated across 40+ major platforms including Bybit, Ethena, and leading custody providers like P2P and Copper.

“Real-world usability of on-chain assets depends on efficient settlement across chains,” said Emily Bao, Key Advisor of Mantle.

This integration reinforces Mantle’s RWA and ETH-native strategy by removing onboarding friction and enabling capital to flow into the ecosystem in a more scalable, institutional-grade way.

The Everclear partnership removes a critical barrier to growth.

Previously, users navigating multiple chains faced bridge risks, slippage costs, and complexity that discouraged participation. Now, onboarding becomes frictionless.

Expanding the settlement layer

Everclear already processes approximately $400 million in monthly volume across blue-chip assets and stablecoins, serving professional users including market makers, solvers, bridges, and exchanges.

The Mantle launch marks the beginning of expanded cross-asset settlement capabilities, with plans to support additional ETH-based assets, stablecoins, and emerging blockchain networks.​

This development underscores the industry’s evolution toward chain-abstracted finance, where users and institutions interact with blockchain infrastructure without managing underlying complexity.

For the DeFi ecosystem, it represents a meaningful step toward mainstream adoption.

The post Everclear launches cross-chain asset settlement on Mantle, enabling 60-second wETH-to-mETH swaps appeared first on CoinJournal.

Everclear launches cross-chain asset settlement on Mantle, enabling 60-second wETH-to-mETH swaps

Source: https://coinjournal.net/news/everclear-launches-cross-chain-asset-settlement-on-mantle-enabling-60-second-weth-to-meth-swaps/

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR).

Arbitrum’s ARB token has returned to the $0.20 level, as the Ethereum-based layer-2 network prepares for another sizeable token unlock that will add to the circulating supply.

ARB was trading about 3% lower over the past 24 hours, while sentiment across the broader cryptocurrency market remained mixed amid continued volatility.

Supply-related concerns, alongside wider market conditions, are expected to influence Arbitrum’s near-term price performance.

Arbitrum faces $19 million token unlock this week

Arbitrum is set to undergo a major cliff unlock on January 16, 2026.

Details show the L2 is poised for the release of 96 million ARB tokens worth about $19.6 million.

This unlock, representing about 1.68% of the adjusted circulating supply, is directed primarily to the Arbitrum DAO Treasury.

It’s part of Arbitrum’s structured vesting schedule, which allocates tokens across categories including the DAO Treasury, team, investors, and ecosystem participants.

According to data from Tokenomist, the ARB unlock occurs amid a busy week for token releases across the crypto space.

Some of the large cliff unlocks scheduled for January 12 to January 19 include ONDO with over $770 million and TRUMP with over $299 million.

UPCOMING TOKEN UNLOCKS

One-time large unlocks (>$5M):$ONDO, $CONX, $ARB, $DBR, $CHEEL, $STRK, $SEI, $ZK

Linear daily unlocks (>$1M/day):$RAIN, $SOL, $TRUMP, $WLD, $RIVER, $DOGE, $AVAX, $ASTER, $TAO

Total unlock value: >$1.69B

Unlocks don’t guarantee dumps but they do… pic.twitter.com/t4Ojf9TEZl

— Wise Advice (@wiseadvicesumit) January 12, 2026

Notably, these supply injections can introduce selling pressure if recipients liquidate holdings, particularly in a cautious market environment.

While the impact may not be so devastating, historical patterns show that such events often trigger short-term volatility.

ARB price outlook

ARB has declined nearly 5% in the past week.

Bulls pushed to highs near $0.23 earlier in the week, but have since pared gains as prices fall below $0.21.

Currently, buyers are regrouping near $0.20 as the impending unlock appears to shape immediate market action.

Risk-off behaviour that has pushed Bitcoin and Ethereum off recent highs, and tokens like XRP to key support, could impact the ARB price too.

“US-hours BTC selling, while less concentrated than in prior weeks, remains a persistent feature, and uncertainty around the remaining overhang of supply continues to cap upside. Combined with rising macro volatility, the relative appeal of crypto looks increasingly challenged, particularly when set against the resilience of precious metals and equities,” QCP analysts said in a note.

As per the analysts, investor focus will be on key events such as the US CPI data release and the Supreme Court’s tariff ruling.

Short-term, Arbitrum price could fall to support in the $0.19-$0.17 region.

On the upside, ARB could rally to $0.25 and then $0.30 with long-term targets of $0.60 and $0.80.

Arbitrum’s key milestones, including Orbit for Layer-3 chains, gaming initiatives and institutional integrations like the Robinhood partnership, are crucial to this outlook.

The post Arbitrum price forecast as investors ponder $19M ARB unlock appeared first on CoinJournal.

Arbitrum price forecast as investors ponder $19M ARB unlock

Source: https://coinjournal.net/news/arbitrum-price-forecast-as-investors-ponder-19m-arb-unlock/

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR).

Wyoming has formally entered the digital asset market by issuing the first stablecoin created and backed by a US state government.

The launch places a publicly managed dollar-pegged token directly onto open crypto networks, marking a shift from privately issued stablecoins that currently dominate the market.

Known as the Frontier Stable Token (FRNT), the project reflects years of legal and technical groundwork and positions Wyoming as a testing ground for how blockchain-based money could function inside public finance systems.

The token’s debut also arrives as US regulators continue to debate how digital dollars should be governed, leaving states to explore their own approaches within existing frameworks.

How the token enters crypto markets

The Frontier Stable Token went live on January 7, according to an announcement carried by Wyoming Public Media and confirmed by the state’s Stable Token Commission.

Trading is initially available on Kraken, a Wyoming-based cryptocurrency exchange, with issuance beginning on the Solana blockchain.

While Solana is the first network used, the token has been designed for broader reach.

Through Stargate, the stablecoin can move to Ethereum, Arbitrum, Avalanche, Base, Optimism, Polygon, and Solana.

This multi-chain structure allows the token to circulate beyond a single ecosystem, increasing its potential use across decentralised finance applications and payment rails without being locked into one network.

Backing structure and reserve controls

Wyoming has allocated $6 million to the project so far, with further funding still under discussion as public trading begins.

The reserves backing the token are held in a Wyoming-chartered trust and managed by Franklin Templeton.

Those reserves are reported to be fully backed, consisting of US dollars, cash equivalents, and short-term US Treasury securities.

Rather than being distributed to token holders, interest generated from the reserve assets is directed to Wyoming public schools.

Why holders receive no yield

At launch, the stablecoin does not offer yield to users who hold it.

State officials have linked this decision to regulatory uncertainty in the US surrounding interest-bearing digital assets.

By avoiding yield payments, Wyoming aims to reduce legal risk while federal rules remain unsettled.

Officials have indicated that the structure could be revisited in the future if clearer guidance emerges at the national level. Any changes would depend on how regulators define the boundaries between stablecoins, securities, and banking products.

Testing payments inside government systems

Beyond acting as a digital dollar, the stablecoin is also being explored as a payment tool for government services.

Wyoming officials have highlighted the cost of card processing fees, which can significantly reduce net revenue for local administrations.

In counties with high transaction volumes and fixed margins, these fees are seen as a growing strain.

By settling payments on-chain, the state is examining whether digital tokens could lower costs and speed up settlement while keeping more value within public systems.

The public launch follows several delays over the past year, although no technical or liquidity issues have been reported so far.

Early trading volumes remain modest, which is typical for a newly issued stablecoin, particularly one issued by a government.

The Wyoming Stable Token Commission is scheduled to meet on January 15 to review early performance and discuss next steps as the experiment moves forward.

The post Wyoming launches state-backed stablecoin as public finance experiment appeared first on CoinJournal.

Wyoming launches state-backed stablecoin as public finance experiment

Source: https://coinjournal.net/news/wyoming-launches-state-backed-stablecoin-as-public-finance-experiment/

Check our Market Overview 

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research (DYOR).

Arbitrum has emerged as the top-performing cross-chain bridge this past week, attracting $1.9 billion in net inflows and surpassing its closest competitors by a wide margin.

This figure is more than 20 times higher than Avalanche’s $85.69 million and nearly 30 times Unichain’s $63.51 million over the same period.

The sharp rise in inflows points to a significant shift in investor capital towards Layer 2 solutions with deep liquidity, Ethereum compatibility, and active decentralised finance (DeFi) ecosystems.

The surge also strengthens Arbitrum’s standing as a leading Ethereum Layer 2 network offering lower transaction fees and faster processing speeds.

According to on-chain data, the bridge inflows are predominantly in stablecoins like USDT and USDC, helping Arbitrum diversify its asset base while shoring up the platform’s total value locked (TVL).

Stablecoin flow boosts liquidity and TVL

The inflow surge is driven by substantial stablecoin movement into Arbitrum’s ecosystem, with USDT and USDC being the primary assets.

These inflows not only bolster short-term liquidity but also create favourable conditions for long-term TVL growth across decentralised applications (dApps).

As TVL grows, platforms benefit from improved borrowing conditions, liquidity incentives, and higher yield opportunities—all of which contribute to ecosystem resilience.

This trend mirrors earlier DeFi cycles, notably in July 2021, when large inflows through cross-chain bridges led to accelerated adoption for networks like Polygon and Optimism.

In Arbitrum’s case, the inflow boost is particularly timely, with Ethereum’s recent price levels hovering around $3,763, helping sustain high throughput and transaction demand on Layer 2 networks.

Developer activity and fintech integration support momentum

Developer participation remains a key driver of Arbitrum’s ecosystem health.

Recent data shows sustained engagement from builders focusing on improving interoperability, expanding dApp functionalities, and reducing onboarding friction for users.

With technical leadership from figures like Steven Goldfeder and Harry Kalodner, Arbitrum continues to prioritise cross-platform compatibility to support seamless asset transfers.

Arbitrum is also strengthening its position in the fintech sector.

Its integration with multiple platforms catering to retail investors is expanding its user base and enhancing accessibility to decentralised finance tools.

As regulatory frameworks for crypto evolve, this dual focus—on compliance and reach—is enabling Arbitrum to maintain an edge in the highly competitive Layer 2 market.

Liquidity growth signals shift in DeFi investment

The platform’s ability to attract capital at this scale suggests increasing investor confidence in Ethereum scaling solutions that offer both utility and security.

The liquidity shift away from competing bridges such as Avalanche and Unichain indicates a reallocation of DeFi capital towards ecosystems with more mature infrastructure and broader use cases.

Arbitrum’s growing dominance in this sector has broader implications for Layer 2 expansion strategies and the direction of cross-chain DeFi innovation.

The rising inflows also signal renewed interest in Ethereum-based ecosystems following a period of cooling across the crypto market.

As the bridge landscape evolves, platforms like Arbitrum are expected to continue benefiting from their early-mover advantage, interoperability focus, and integration of stable assets to enhance liquidity depth and platform stability.

The post Arbitrum leads with $1.9 billion inflows, outpaces Avalanche and Unichain in DeFi liquidity race appeared first on CoinJournal.

Arbitrum leads with $1.9 billion inflows, outpaces Avalanche and Unichain in DeFi liquidity race

Source: https://coinjournal.net/news/arbitrum-leads-with-1-9-billion-inflows-outpaces-avalanche-and-unichain-in-defi-liquidity-race/

The cryptocurrency market is in an uptrend, with several altcoins under $1, including Sei, Ethena, and Arbitrum, seeing notable gains in the past 24 hours.

Sei has surged 20% in the last 24 hours, breaking above $0.31, while Ethena has spiked above $0.35. Elsewhere, Arbitrum trades above $0.41.

With these tokens among the top 100 best performers as altcoins gain alongside Bitcoin, are they worth watching?

Here’s a brief overview of each.

Sei (SEI) price poised at $0.31

Sei, a high-performance layer 1 blockchain designed for decentralized finance (DeFi) and high-frequency trading, has recently captured significant attention.

On July 10, 2025, Sei announced a major milestone with the integration of native USDC and Circle’s CCTP V2, positioning it as a trusted financial rail for institutional-scale transactions.

This development, coupled with a 20% price surge in the last 24 hours, underscores Sei’s potential to dominate the DeFi and payment sectors.

Stablecoin TVL on Sei has grown by over 100% in the past 4 months.

Just the start.

($/acc) pic.twitter.com/zcupEx0mRs

— Sei (@SeiNetwork) July 9, 2025

As Sei continues to enhance its infrastructure for seamless, near-instant global settlement, it remains a coin worth watching for investors seeking exposure to high-speed blockchain solutions.

The broader crypto market, currently at $3.6 trillion, is experiencing a bull flip. Sei broke above $0.30 and could eye a further upward trajectory.

Bulls will target $1 having already seen the token tap the all-time high of $1.14 in March 2024.

Ethena (ENA) breaks above $0.35

Ethena, a delta-neutral stablecoin protocol based on Ethereum, has seen a notable price increase, surpassing $0.35 as top altcoins rallied alongside Bitcoin.

The ENA token’s uptick in the past 24 hours comes amid listing by Upbit, South Korea’s largest crypto exchange. Upbit announced the listing of ENA trading pairs with KRW, BTC, and USDT, beginning July 11, 2025.

$ENA is listed on Upbit @upbitglobal, the largest South Korean exchange

업비트 원화 마켓에 $ENA 가 상장되었습니다

주요 한국 거래소에 또 상장하게 되어 매우 기쁩니다 pic.twitter.com/P1dktBReXx

— Ethena Labs (@ethena_labs) July 11, 2025

Ethena, which aims to provide a stablecoin solution resilient to market volatility, could see its native token benefit from Upbit’s listing with further adoption and liquidity.

The Ethena Lab’s focus on stability and its integrations across the market means it’s a key player in the stablecoin and DeFi sectors.

Given the crypto market’s recent surge, Ethena’s one of the altcoins to monitor. ENA traded at an all-time high of $1.52 in April 2024.

Arbitrum price breaks $0.41

Arbitrum, an Ethereum layer-two (L2) scaling solution, has demonstrated strong performance. ARB price has reached $0.41 and looks bullish.

Known for improving Ethereum’s speed, scalability, and cost-efficiency through optimistic rollups, Arbitrum is well-positioned to dominate the smart contract platform sector.

Its native token, ARB, is used for governance within the Arbitrum DAO, further solidifying its role in decentralized applications (dApps).

A 15% increase in Arbitrum’s price over the last 24 hours and 26% in the past week, aligns with the broader market’s uptick.

If institutional interest in L2 solutions continues to rise, Arbitrum’s potential for further gains makes it a noteworthy altcoin under $1.

The token traded at the ATH of $2.40 in January 2024.

The post Top 3 altcoins under $1 worth watching: Sei, Ethena, Arbitrum appeared first on CoinJournal.

Top 3 altcoins under $1 worth watching: Sei, Ethena, Arbitrum

Source: https://coinjournal.net/news/top-3-altcoins-under-1-worth-watching-sei-ethena-arbitrum/

Kinto Network has suffered a severe blow after a smart contract exploit linked to its Arbitrum deployment, leading to the collapse of the K token’s value.

Within just 24 hours, the price of the $K token plummeted by over 99%, shocking investors and triggering a wave of uncertainty across the decentralised finance (DeFi) space.

The breach, which originated from a minting contract on Arbitrum and not the Kinto mainnet itself, enabled the unauthorised creation of millions of tokens, ultimately undermining trust in the project’s token economy.

The exploit originated off the Kinto Network

Kinto confirmed that the exploit occurred off-network, specifically on the Arbitrum version of the K token’s mint contract, which had not been adequately secured against unauthorised minting.

Although the main Kinto network, wallets, and bridge vaults remained unaffected, the attacker managed to mint nearly 7 million K tokens—more than three times the previously circulating supply of fewer than 2 million tokens.

According to early on-chain analysis, the malicious actor did not immediately dump the tokens on public exchanges but instead began to slowly manipulate the market to maximise the token’s apparent value.

This stealthy approach allowed the attacker to use the inflated token price as leverage on Morpho, a DeFi lending platform, where they deposited the newly minted tokens as collateral.

Shortly after, the hacker borrowed large sums of USDC and subsequently withdrew the funds, leaving the protocol and the broader market exposed to significant losses.

Morpho Protocol has been left holding worthless tokens

One of the most significant aftershocks of the exploit is the collateral damage inflicted on Morpho, the protocol where the attacker deposited the inflated $K tokens.

With the token’s value now decimated, Morpho is left holding tokens that are essentially worthless, raising concerns about how the platform will manage the bad debt and mitigate the financial hit.

This event underscores the systemic risks associated with DeFi platforms that rely heavily on collateralized assets whose value can be manipulated.

Although Kinto has not disclosed how much USDC was drained from Morpho, recovery efforts are reportedly ongoing.

The rapid K price decline has sparked panic

In just one hour after the exploit on Thursday, the K token’s value collapsed by 45%, sparking a rapid selloff that wiped out more than 99% of its value in total by Friday.

The token, which had reached an all-time high of $11.89 in late March 2025, hit a new all-time low of $0.4854 according to CoinMarketCap data.

At the time of writing, the token is trading at $0.7053, down over 99.15% from its peak just three months ago, with a market cap of approximately $1.29 million.

Trading volume had surged to over $2.72 million in 24 hours as investors rushed to exit positions, further exacerbating the collapse.

Kinto has engaged third parties to investigate the exploit

Following the exploit, Kinto quickly issued a public statement, assuring users that their mainnet funds and bridge vaults were not affected.

However, the company acknowledged the seriousness of the incident and has since brought in third-party security experts, including Hypernative, Seal 911, Venn, and Zeroshadow, to investigate the exploit and assist with recovery efforts.

Kinto community. We are looking into the situation ourselves and with third parties (Hypernative, Seal 911) – as soon as we have a clear picture of what has happened we will make an announcement.

— Kinto (@KintoXYZ) July 10, 2025

Kinto has pledged full transparency and is expected to release a comprehensive report once the investigation concludes.

Despite the assurance, market confidence remains shaken, with users on social media criticising the project’s contract design and the apparent lack of rigorous security audits.

Some community members expressed frustration with what they view as a pattern of poorly vetted DeFi projects harming retail investors.

While Kinto has stated that no insiders sold tokens during the crash and that token unlocks remain scheduled for April 2026, speculation continues to swirl around whether the exploit could have been prevented.

The project’s future now hinges on how effectively it can regain trust, patch security vulnerabilities, and recover lost value.

Until then, the $K token will likely remain volatile, as traders weigh the risks of staying in a project shaken to its core by a devastating exploit.

The post Kinto coin crashes 99% after Arbitrum contract exploit appeared first on CoinJournal.

Kinto coin crashes 99% after Arbitrum contract exploit

Source: https://coinjournal.net/news/kinto-coin-crashes-99-after-arbitrum-contract-exploit/

Gains Network (GNS), a popular decentralised derivatives trading protocol on Arbitrum, has seen its token price plunge 19.3% in the last 24 hours, raising concerns over whether the recent bullish recovery is now fading out.

While GNS had surged by 31% over the past week, today’s sharp pullback has triggered nervous speculation among traders who had begun positioning for a breakout toward higher levels.

Notably, the sell-off follows what appears to be a combination of technical exhaustion, profit-taking, and broader market weakness among altcoins.

Profit-taking has met overheated charts

One of the immediate triggers for the current dip was likely a round of aggressive profit-taking after the strong 7-day rally that had propelled GNS to a local high of $2.50.

Prior to the drop, the 14-day Relative Strength Index (RSI) had surged to 82, firmly placing GNS in overbought territory and historically signaling a short-term correction.

As selling pressure increased, the token dropped below its 200-day Exponential Moving Average (EMA) at $1.57, a level that had been acting as key support just days earlier.

Although the MACD histogram remained slightly positive at +0.063, momentum indicators revealed that bullish strength was fading rapidly, leaving the door open for further downside.

Adding to the concern, trading volume fell 14% to $45.2 million over the past 24 hours, indicating weakening buying interest and reduced conviction in the latest rally.

Bitcoin dominance has stolen the spotlight

Market-wide dynamics have also played a major role in amplifying the GNS decline, as Bitcoin’s dominance rose to 64.83%, its highest level in months.

In periods of rising Bitcoin dominance, altcoins often suffer as capital rotates into the more stable and liquid BTC market, leaving smaller tokens exposed to increased selling.

The Altcoin Season Index, currently reading 14, suggests that we are firmly in a “Bitcoin Season,” a historically bearish phase for mid-cap tokens like GNS.

In addition, GNS shares a strong 30-day correlation of 0.76 with Bitcoin, meaning that major shifts in BTC’s price and sentiment often echo across the GNS chart.

The broader crypto market has entered a risk-off mood, as shown by the Fear & Greed Index dropping to 37, reinforcing pressure on altcoins already stretched by recent gains.

Gains Network (GNS) governance vote looms large

Despite today’s pullback, GNS remains one of the more fundamentally robust DeFi tokens, thanks to a pending governance proposal that could reshape its tokenomics.

The community is currently voting on whether to extend the protocol’s buyback-and-burn model indefinitely, after a successful trial in late 2024 that sparked a 60% price rally.

Under the proposed framework, 90% of staking rewards and protocol revenue—$603,000 in May alone—would be permanently redirected toward burning GNS tokens.

This move, if approved, would lock in a deflationary model that could significantly enhance long-term value by reducing supply over time.

However, the token’s distribution remains heavily skewed, with whale wallets controlling 76.6% of the supply, a factor that increases short-term volatility and makes GNS more sensitive to sentiment shifts.

Competition and sustainability in focus

While GNS remains the second-largest derivatives protocol on Arbitrum, just behind GMX, rising competition poses a credible threat to its market share.

Ostium Labs, a newer rival, generated $530,000 in protocol revenue in May, signaling that challengers are beginning to eat into GNS’s dominance in the niche.

Nonetheless, Gains Network continues to operate at a gross margin of 98%, reflecting high operational efficiency and a sustainable business model.

Whether GNS can maintain its edge may depend on its ability to diversify revenue streams and expand beyond Arbitrum to other ecosystems like zkSync, Base, or Polygon.

Protocol-level innovation, rather than just token momentum, will likely decide how resilient GNS remains in the face of competitive pressure.

A test of resilience or a trend reversal?

For now, GNS is testing key technical support at $1.39, which represents the 78.6% Fibonacci retracement level of its most recent price swing.

Holding this level could stabilise price action and prevent deeper losses, especially if market conditions improve and Bitcoin dominance begins to taper off.

Traders and investors will be watching closely for the outcome of the burn proposal vote, which could re-ignite bullish sentiment if passed.

While today’s drop is significant, it may not necessarily signal the end of GNS’s recovery, but rather a healthy correction in an otherwise strong, narrative-driven trend.

With protocol fundamentals still intact and community engagement rising, Gains Network’s next move will depend as much on sentiment and governance as it will on market cycles.

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Gains Network (GNS) down 19% today: Is it the end of its recovery?

Source: https://coinjournal.net/news/gains-network-gns-down-19-today-is-it-the-end-of-its-recovery/