ARB Token Holders Brace for Volatility Amidst Market Downturn

ARB Token Holders Brace for Volatility Amidst Market Downturn



The recent decline in the market has caught the attention of major cryptocurrency investors, specifically whales. One significant holder has taken action recently. According to data from Lookonchain, a large whale recently sold 3.8 million ARB tokens, which amounts to about $3.21 million, in exchange for ETH on the Binance platform. This move resulted in a loss of approximately $1.3 million for the whale.



This particular whale had previously made notable moves in the ARB market. In early April, they withdrew 17.62 million ARB tokens valued at $21 million from Binance when the average price was $1.19. As of now, they still hold 13.78 million ARB tokens, which are valued at $11.5 million.



Arbitrum's price has shown relatively moderate volatility compared to other cryptocurrencies, dropping by 6.67% today and settling at $0.8336.


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#Altcoin, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations

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