Altcoin Rally Led By NEAR And ARB As O’Leary Shifts From Ethereum
Arbitrum (ARB)
Editor:
Eugene Serbin
newsable.asianetnews.com reports that an altcoin rally saw Near Protocol (NEAR) lead gains of over 60%, followed by Arbitrum (ARB) at over 54%. Other tokens including Ethena (ENA), Avalanche (AVAX), Uniswap (UNI), Zcash (ZEC), and Injective (INJ) also posted strong weekly increases. Zcash remained the largest by market cap at $24.56 billion, while UNI and NEAR followed with valuations of $5.37 billion and $4.86 billion respectively.
Analyst Michaël van de Poppe highlighted Arbitrum's breakout as a clear move pointing higher. Uniswap founder Hayden Adams cited SEC Commissioner Hester Peirce’s letter regarding decentralized systems as bullish news for automated market makers. Arthur Hayes commented on Zcash’s performance and predicted Ethena could reach $0.50.
Injective gained 32% after the SEC received an amended filing for the 21Shares Injective ETF. Kevin O’Leary stated at the Avalanche Summit that Ethereum is no longer fast or secure enough for every use case. He noted that different sectors might choose different blockchains, adding that adoption by a major exchange could send a token’s value “through the roof.”
How the market reacted
Whalio's own Binance spot order flow for ARB, measured when this story was written up on 20 September 2026. Not the outlet's figures.
ARB trades at $0.2061 with a 1-hour buy ratio of 50.7% and a 4-hour ratio of 50.0%, compared to a 24-hour ratio of 48.5%. This indicates that buying pressure is building in the short term relative to the longer daily view. The 1-hour volume delta is positive at +$6,662, while the 4-hour delta is +$3,726, contrasting with a negative 24-hour delta of -$822,318. A positive volume delta means buyers are spending more than sellers are receiving, suggesting immediate accumulation. The 24-hour spot volume is $28,450,288 across 176,295 trades.
The latest daily buy ratio of 52.1% sits at the 85th percentile of the last 323 days, against a median of 49.6% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ARB, averaged over the days leading up to the story.
Over the preceding week, ARB saw a 46.7% price increase with a total volume delta of +$4,302,305. The current 24-hour buy ratio of 48.5% is 2.0 points lower than the 7-day average of 50.6%. Volume today is at 0.72x the weekly average, indicating a quieter trading day than usual. Net buying occurred on 4 of the past 7 days, showing mixed but generally positive momentum over the longer period.