2 years ago
As of the extremity of April 10 – 17 week, determination are 23 whale wallets that clasp implicit $1 cardinal Arbitrum (ARB) tokens, according to information shared by on-chain sleuth @lookonchain.
Whales person been buying oregon selling ARB tokens passim the past week, arsenic the numbers lookonchain shared demonstrate. Three whale accounts decided to merchantability implicit 22 cardinal ARB, portion 9 others collectively bought implicit 12 cardinal tokens.
The transactions
The magnitude of ARB held by the whales equates to implicit $1.6 million, fixed that the ARB terms lingers astir $1.62 astatine the clip of writing.
ARB to USDT (Source: CryptoSlate)During the past 7 days, 3 whale accounts sold astir 22.8 cardinal ARB tokens, amounting to astir $38 million. The merchantability prices were $1.37 and $1.69.
On the different hand, 9 whale wallets bought 12.4 cardinal ARB, which adds up to implicit $21 million. Most of this magnitude was purchased erstwhile the ARB terms had been lingering betwixt $1.2 and $1.5. In the meantime, 11 whales didn’t merchantability oregon bargain ARB tokens.
Arbitrum
Arbitrum precocious lost implicit 1 cardinal tokens to a phishing onslaught connected March 31. Days aft that, the task squad said it had to sell 10 cardinal ARB to screen its cognition costs.
Even though Arbitrum managed to make immoderate hype astir the task by airdropping 112.8 cardinal ARB successful mid-march, the terms of ARB besides recorded a 90% drop owed to implicit 160,000 addresses claiming implicit 300 cardinal ARB tokens.
The station 23 whales clasp implicit $1M successful Arbitrum appeared archetypal connected CryptoSlate.
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