ARB MARKET CAP AT ALL-TIME HIGH WHILE TOKEN PRICE AT ALL-TIME LOW

Summary from the TLDR Crypto newsletter

Although the price of Arbitrum has dropped significantly over the last year, its market cap has grown by over 75% to ~$2.23B. This growth has largely been driven by token unlocks, thus although ARB price is almost at an all-time low, the market cap is expected to continue to increase as more tokens are unlocked.