Offchain Labs increases its ARB holdings, signaling long-term conviction in Arbitrum as governance token prices slump and layer-2 competition intensifies.
Offchain Labs, the primary developer behind Arbitrum, has purchased additional ARB tokens, signaling long-term conviction in the network at a time when sentiment across the sector has weakened, and governance token prices have faced sustained pressure.
In a post on X this week, Offchain Labs said it remains “committed to growing the Arbitrum ecosystem in a meaningful way,” adding that it has increased its direct exposure to Arbitrum (ARB) under an approved purchase plan.
The development company said the move reflects its intention to continue “doubling down on the development of Arbitrum in all respects.”
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