according to coinmarketcap, ARB token started trading at $11.14 and now the price of ARB is $1.25, that is according to my expectation, because in my opinion $1 or even below $1 is the right price for ARB at this time, because the total supply is 10,000,000,000 ARB and circulating supply 1,275,000,000 ARB, so in my opinion a price above $10 is too high for ARB right now.
They have a huge supply but considering its technology, I’m sure its possible to reach the price of $10 but it will take time or maybe can only happen in the next bull run. The hype is slowly fading since the airdrop is done already, let’s see in the next few months the trend of this token, I’m still bullish with $ARB though and I’m just waiting for the right time to accumulate more.