This morning, Lookonchain (@Lookonchain), an on-chain analysis platform, took to Twitter to report on the selling behavior of Arbitrum (ARB) whales. The post revealed two whales seized the opportunity to cash in on ARB’s recent price surge.
A prominent whale, gay_eth, recently made a shrewd investment move by purchasing 1.4 million ARB with 1.61 million USDC at $1.15. The whale then claimed 12,000 ARB and sold it for a whopping 2.16 million USDC at $1.53. As a result of this astute transaction, the whale could walk away with a substantial profit of $550,000. Such calculated moves are a testament to the whale’s financial acumen and investment prowess.
In recent news, a notable whale named 0x8fe1 has made a strategic investment by purchasing approximately 730,977 ARB with a whopping 1 million USDC at $1.37. This savvy investor then proceeded to sell their tokens for a staggering $1.1 million USDC at a rate of $1.51, resulting in an estimated profit of $105,000. This calculated and shrewd maneuver serves as a testament to the potential profitability of the cryptocurrency market.
According to CoinMarketCap, the website that tracks the crypto market, ARB’s price experienced a significant surge in the past day, presenting an opportune moment for ARB whales to sell. ARB is currently being traded at $1.55, following a remarkable 28.32% increase in price over the last 24 hours.
In a remarkable turn of events, ARB’s price experienced a 24-hour surge, propelling its weekly performance into the green. This impressive feat has resulted in ARB’s price skyrocketing by over 30% in just 7 days. Furthermore, ARB has demonstrated its strength against BTC and ETH, with a remarkable 23.18% increase against BTC and a solid 14.28% rise against ETH at press time. These impressive figures are a testament to ARB’s resilience and potential for growth in the cryptocurrency market.
The trading volume of ARB has surged into the green zone, clocking in at an impressive $2,025,511,369 within 24 hours. This marks a staggering 466.11% increase since yesterday, indicating a strong upward trend. With a market cap of $1,982,286,895, ARB has secured its position as the 35th largest cryptocurrency in market capitalization. These figures reflect ARB’s growing popularity and potential in the digital asset market.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
