Arbitrum’s ARB token fell 13.91% over 24 hours to roughly $0.168117 as of 07:51 UTC on September 7, 2026. Reported trading volume was about $0.51 billion, but Coincu on-chain data flagged 95.8% of transfer volume as wash trading (artificially inflated activity), involving 713 wallets and net-zero loops, roundtrips and cyclic transfers. That leaves a much smaller base of organic trading activity behind the move. No confirmed Arbitrum-specific announcement, market-news catalyst or dated token unlock was identified for the period. Exchange flows showed a net outflow of 174,967 ARB, with 337,213 tokens deposited and 512,180 withdrawn, rather than the deposit-led pattern typically associated with immediate sell pressure. Supply is concentrated among exchange, market-maker and accumulator wallets, while retail float represents 0.23% of classified supply. The Arbitrum token contract, 0xb50721bcf8d664c30412cfbc6cf7a15145234ad1, was flagged CAUTION because it is a proxy contract, but the scan found no mint, honeypot or pause functions. The research did not provide verified same-window Bitcoin, Ethereum or total-market performance data, nor historical chart data sufficient to establish support or resistance levels. Analysts would have a cleaner recovery signal if outflows persisted, accumulator wallets stopped distributing and the wash-trading ratio declined toward organic levels, although none of those conditions is confirmed and the available data supports no price target.