Arbitrum's ARB rises 13% as TVL sheds $449M and stablecoins drop by over $1B

Arbitrum (ARB) gained 13% over the past 24 hours even as Arbitrum's on-chain liquidity metrics kept weakening. Since April 18, about $449 million has left the chain's TVL, and since May 1, more than $1 billion in stablecoins has reportedly exited the network. Technical signals still point to accumulation, but a supply-heavy resistance area above price could decide whether the rally extends or stalls.