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As of the tip of April 10 – 17 week, there are 23 whale wallets that maintain over $1 million Arbitrum (ARB) tokens, in response to information shared by on-chain sleuth @lookonchain.
Whales have been shopping for or promoting ARB tokens all through the final week, because the numbers lookonchain shared display. Three whale accounts determined to promote over 22 million ARB, whereas 9 others collectively purchased over 12 million tokens.
The transactions
The quantity of ARB held by the whales equates to over $1.6 million, on condition that the ARB worth lingers round $1.62 on the time of writing.
Throughout the previous seven days, three whale accounts offered round 22.8 million ARB tokens, amounting to about $38 million. The sale costs had been $1.37 and $1.69.
However, 9 whale wallets purchased 12.4 million ARB, which provides as much as over $21 million. Most of this quantity was bought when the ARB worth had been lingering between $1.2 and $1.5. Within the meantime, 11 whales didn’t promote or purchase ARB tokens.
Arbitrum
Arbitrum lately misplaced over 1 million tokens to a phishing assault on March 31. Days after that, the undertaking workforce stated it needed to promote 10 million ARB to cowl its operation prices.
Though Arbitrum managed to create some hype across the undertaking by airdropping 112.8 million ARB in mid-march, the value of ARB additionally recorded a 90% drop resulting from over 160,000 addresses claiming over 300 million ARB tokens.
The publish 23 whales maintain over $1M in Arbitrum appeared first on CryptoSlate.
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