Arbitrum Trades at $0.16 After a 3.43% 24-Hour Decline

Arbitrum's ARB token traded at $0.16, down 3.43% in 24 hours as of 6:54 a.m. ET Thursday. Holders can participate in ArbitrumDAO's on-chain governance, which allows them to vote on protocol proposals and network upgrades. The price decline reflects ongoing market volatility for the layer-2 network's native asset.