Arbitrum price moves often depend on the broader market cues; however, for the past couple of days, a major external factor has come into play. The on
Arbitrum price fell below the $0.90 mark, inching closer to the 2023 low of $0.76. The Arbitrum Security Council nominations were completed this week, and the final round of voting is set to begin on October 6. If six of the 18 final-round nominees aren't selected, the Security Council election will be delayed by a week. going Arbitrum Security Council Elections are preparing for the final round, which is interestingly bearing a negative impact on the altcoin.
This would lead to the execution of the third phase of the elections, wherein another voting round will be conducted to select the six nominees. Arbitrum Security Council Round 2 Nominees This could push the end of the elections to mid-October or further since the voters would be given more than seven days to cast their votes. The impact on Abrbitrum price of the same can be concerning.
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