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.
agreed I think $1 is already good enough value, but I guess if the project itself is getting better by the time, then it might eventually recover back to $10 but honestly this $10 price for ARB is just temporary rise caused by the fact that it was first getting listed in the exchange. many are overvaluing the ARB at that time.