Lookonchain, the renowned one-chain analysis platform, has taken to Twitter to provide insights on the current buying and selling trends of Arbitrum (ARB) among whales. According to Lookonchain’s data, whales have been actively engaging in ARB’s buying and selling activities over the past few days. This information can be valuable for investors and traders looking to make informed decisions in the market.
Two prominent whales, identified as “0xe04d” and “0xadf5,” made significant purchases of ARB from Binance and OKX three days ago. Both whales are holding onto their ARB without any signs of transferring it out. Furthermore, the largest buyer of ARB acquired 111 ARB for approximately 0.07 ETH just ten hours ago. This particular whale currently possesses a staggering 9.94 million ARB, valued at an estimated $11.9 million.
In contrast, the whale identified as “0x1dd9” received a substantial 2.52 million ARB from Binance just one week ago. Following this transaction, the whale sold 2.03 million ARB for a noteworthy sum of 1,302 ETH. As of present, the whale retains a remaining balance of 500k ARB.
As per the data provided by CoinMarketCap, the current trading value of ARB stands at $1.19, reflecting a 5.70% dip in its price within the last 24 hours. During this period, the altcoin witnessed a high of $1.29 and a low of $1.14. Unfortunately, this decline in value has also affected its weekly performance, with ARB experiencing a drop of over 5% in the past seven days.
The trading volume of ARB has surged by over 70% since yesterday, placing it in the green zone with a 24-hour trading volume of $1,131,854,673. With a market cap of $1,523,632,237, ARB has secured its position as the 38th largest cryptocurrency in market capitalization. These impressive figures reflect the growing interest and confidence in ARB among investors and traders alike.
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.
