ARB Trading Volume Up 70+% As Whales Buy and Sell the Altcoin
- Whale “0xe04d” and whale “0xadf5” both bought ARB from Binance and OKX 3 days ago.
- ARB is currently trading hands at $1.19 after a 5.70% drop in price.
The one-chain analysis platform, Lookonchain, took to Twitter this morning to share whether whales are buying or selling Arbitrum (ARB) at the moment. Lookonchain’s data indicates that whales have been buying and selling ARB over the last few days.
Whale “0xe04d” and whale “0xadf5” both bought ARB from Binance and OKX 3 days ago. At the moment, both of these whales are holding their ARB without transferring it out. In addition to this, the largest buyer of ARB bought 111 ARB with about 0.07 ETH 10 hours ago. This whale currently holds 9.94 million ARB worth an estimated $11.9 million.
On the other hand, whale “0x1dd9” received 2.52 million ARB from Binance a week ago, after which the whale sold 2.03 million ARB for 1,302 ETH. The whale now holds 500k ARB.
According to CoinMarketCap, ARB is currently trading hands at $1.19 after a 5.70% drop in price over the last 24 hours. The altcoin also reached a high of $1.29 and a low of $1.14 over the same time period. The crypto’s price decline over the last day has impacted its weekly performance as ARB is down by more than 5% over the last seven days.
ARB’s 24-hour trading volume is currently in the green zone, and stands at $1,131,854,673 after a more than 70% increase since yesterday. Its market cap of $1,523,632,237 means that ARB is currently ranked as the 38th biggest crypto in terms of market capitalization.
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