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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First found on: ARB Token Holders Brace for Volatility Amidst Market Downturn
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