Arbitrum has unveiled a strategic buyback plan to purchase ARB tokens amidst a prolonged price decline, marking Offchain Labs' significant move to bolster its ecosystem.

The price of ARB has dropped over 85% from its all-time high, prompting this initiative. Offchain Labs emphasized in an X (Twitter) post that this move underscores the continuous growth of Arbitrum's ecosystem.

The buyback announcement coincides with an upcoming token unlock event for Arbitrum, set to release 92.65 million ARB tokens, valued at $30.75 million.

While the buyback aims to mitigate the potential supply shock, figures like wallet maxi Yogi argue that buybacks may lack long-term vision, preferring diversified strategies.

Messari Crypto's Patryk suggests flexibility in fund deployment for Arbitrum, avoiding rigid frameworks at this initial stage.

Despite this buyback plan, which reflects confidence, skepticism about ARB's market momentum persists, especially with the impending token unlocks.

Debate continues concerning buybacks versus strategic reinvestment, shaping Arbitrum's future discourse.