The dead old project ARbit (ARB), which is mistakenly identified as Arbitrum (ARB), has surged a hundred times in the past 7 days

ChainCatcher news, in the past 7 days, the price of the dead old project ARbit (ARB) surged from $0.00024 to a high of $0.027, an increase of up to a hundred times. Now, the price of ARbit (ARB) has fallen back to $0.016, with a 24-hour trading volume of only $8,977.

The abnormal surge in the price of ARbit (ARB) was simply because traders mistakenly thought it was the token of Arbitrum (ARB). According to the official website, ARbit (ARB) is a cryptocurrency used in the AR (augmented reality) industry, launched in 2015, and has not made any announcements for nearly 8 years, long considered a dead project. (source link)