Yes. A couple times I've had the bottom arrow (that takes you to ships, shaders, etc.) shine when I have nothing new. It doesn't go away until I get something new down there then make it stop shining.
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Sometimes when viewing shaders/ships etc. the up arrow is shining when you have nothing new in your inventory, usually means you have new materials/motes/coins etc.
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Ah I've noticed that too. Thanks for the tip