Arbitrum Skyrockets 17% Amid Rumors of Game-Changing Robinhood Collab

Layer 2 darling Arbitrum just mooned on pure speculation—because in crypto, hopium trumps fundamentals every time.

The Pump Before the News

Traders FOMO'd hard after whispers hit the tape about a potential Robinhood integration. Never mind that neither party confirmed—when has that ever stopped a crypto rally?

Wall Street Meets DeFi (Sort Of)

If true, this would let Robinhood’s army of retail traders access Arbitrum’s cheap transactions. Cue the usual suspects screaming ‘mass adoption’ while ignoring the platform’s 90% drop from ATH.

The Fine Print

Remember when HOOD ‘integrated’ Bitcoin wallets and the stock dumped 15%? Yeah. But hey—at least this pumps ARB’s TVL numbers before the next unlock cliff.

Robinhood talks with Arbitrum, Solana leaked in May

Speculation around a tie-up with Robinhood and Arbitrum follows a May 8 Bloomberg report that Robinhood was developing a blockchain platform to allow European investors to trade US stocks.

Arbitrum and solana were the blockchains reportedly under consideration for the partnership, but the talks were ongoing and not finalized at the time.

“Looks like Robinhood chose Arbitrum,” former Ethereum core dev Eric Connor wrote on X.

“Pure speculation, but imo [in my opinion] Ethereum + Arbitrum + RH only means one thing. Robinhood going to announce its chain tomorrow,” said Omar Kanji, partner at venture firm Dragonfly.

Arbitrum gains 17% on Robinhood partnership rumor

The Arbitrum (ARB $0.3658) token has gained 17.1% in the last 24 hours to trade at just over 36 cents, and is the crypto market’s biggest gainer in the last day, according to CoinGecko.

ARB climbed from around 31 cents at the time of Robinhood’s X post to hit an intraday high of 38.6 cents eight hours later at 10:30 pm UTC on Sunday.

Arbitrum had the biggest 24-hour gain in the crypto market amid rumours of a partnership with Robinhood. Source: CoinGecko

The token is still down nearly 50% so far this year and has lost 85% of its value since its peak high of $2.39 in January 2024.

Robinhood shares up overnight

Shares in Robinhood Markets (HOOD) also saw a lift overnight amid the speculation, as traders are seemingly bullish on the expected announcements the platform will make on Monday.

HOOD is up around 1.65% in overnight trading to $84.26 after closing trading on Friday at $83.03, according to 24-hour markets on rival eToro and Robinhood’s own platform.