How did you claim the ARB token? Unfortunately I couldn't claim earlier because the website was down and at the time of listing the price was above $10 then it became a dump because of the disposal of tokens resulting from the airdrop that they claimed and then sold it.
I claimed it manually through arbscan. It was working when the main site down due to the so many traffics that came at the same time. I have sold mine @$7. People who didn't know how to claim by interacted with contract unable to sell their token as high price.
Now ARB is at $ 1.3 with a decrease of 88% then are you going to hold or sell it?
I think the potential to go up is still possible because they already have quite a large daily volume.
I have sold mine and i will not prefer to hold it. it's caused by the price may potentially to go down again. I just atke the chart from another coin like aptos as the best example. OP was also showing pretty much the same chart like arbitrum.
The chance to go up is still there consider the marketcap of arbitrum was not so big right now.