Arb seems a potential altcoin which is still strong with its position. Arb community must has strength, so that they are establishing a altcoin even during bear is controlling the market. They spend lot of money for airdrop and promotional purpose and already unlocked many facilities like try to solve real problem, development their own blockchain with low transaction fee and enter layer 2 altcoins galaxy. Price may down now but i hope, It'll be proved as a great altcoin in upcoming days. So holding arb is good decision, in my point of view
it seems like their ecosystem aren't as active when compared to their initial listing where quite literally everyone is flocking into the ecosystem, also the meme coins trend in their blockchain also fading.
I guess thats the reason it has went downhill ever since, I think its the same case with other L2 coins like optimism too, added with the fact that even sui and sei also having similar fall in prices.
It seemed like these coins being invested by big venture capital doesn't guarantee the fact that it might be overly valued by many people just because they have partnership and have hard time building their
value even retaining it. thats why they are now having many corrections one after another.
but I think it might still have another chance of bullrun when the season is changing into bullish.