Show

Simply

Cosmos

<p><strong>Lookonchain, a prominent cryptocurrency trader and technical analyst, <a href="https://twitter.com/lookonchain/status/1700440200219136037?s=20" target="_blank" rel="nofollow">shared</a> intriguing observations about the recent price movements and developments related to $ARB. Their tweet offered perceptive analysis into the factors driving the recent trading activity and price fluctuations of $ARB.</strong></p> 
<p>According to Lookonchain, a “whale” has been actively buying $ARB, spending a total of 2,000 $ETH ($3.27 million) to acquire 3.64 million $ARB tokens at an average price of $0.9 since September 3. </p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="754" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-161-1024x754.png" alt="" class="wp-image-332031" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-161-1024x754.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-161-300x221.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-161-767x565.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-161-1536x1131.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-161-2048x1508.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-161-204x150.png 204w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-161-100x74.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-161-475x350.png 475w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-161-788x580.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-161.png 1806w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>This is not the whale’s first foray into $ARB; they previously spent 800 $ETH ($1.47 million) to buy 1.27 million $ARB on August 13, only to sell it at a loss of approximately $36,000 on August 16 via Binance.</p> 
<p>ARB price is in the state of flux with only 1% increase last week. The coin is currently trading around $0.9 mark.</p> 
<h3 class="wp-block-heading" id="what-does-a-large-purchase-mean-for-a-coin-s-price">What Does a Large Purchase Mean for a Coin’s Price?</h3> 
<p>When a whale makes a large purchase of a particular cryptocurrency, several potential outcomes can affect the coin’s price:</p> 
<ol> 
 <li><strong>Immediate Price Surge</strong>: A large buy order can create upward pressure on the price, leading to an immediate surge. This is especially true for coins with lower liquidity.</li> 
 <li><strong>Increased Investor Confidence</strong>: The entry of a whale can be seen as a vote of confidence in the asset, attracting other investors and potentially driving the price higher over the medium to long term.</li> 
 <li><strong>Volatility</strong>: Large purchases can introduce volatility, as the market reacts to the new demand. This can result in short-term price fluctuations.</li> 
 <li><strong>Potential for Price Manipulation</strong>: Whales have the capacity to move the market significantly. If they decide to sell a large portion of their holdings, it could lead to a sharp decline in price.</li> 
</ol> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Trade on US-Banned Exchanges With No KYC 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Tired of missing hot new listings because your favorite exchange is banned in the US? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>With <a class="thirstylink" rel="nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a> you can finally trade on Kucoin, ByBit and more without registration or KYC! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>Simply connect your wallet to access every coin. No VPN needed.</p> 
    <p>Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.</p> 
    <p>Take your trading to the next level with:</p> 
    <ul> 
     <li>Instant access to banned CEXs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6ab.png" alt="🚫" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>No KYC required <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f645-200d-2642-fe0f.png" alt="🙅‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>Trade on your terms – no registration required</li> 
     <li>Maintain full custody – tokens stay in your wallet</li> 
     <li>Access liquidity across leading DEXs and CEXs</li> 
     <li>Bridge assets quickly between any blockchain</li> 
    </ul> 
    <p>Escape CEX limits today with <a class="thirstylink" rel="nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div>  
<p>It’s worth noting that the whale in question had previously sold $ARB at a loss, indicating a level of unpredictability. Investors should exercise caution and conduct their own research before making any investment decisions.</p> 
<p>For more details, you can check the whale’s transaction history on <a href="https://debank.com/profile/0xdceed643320622cad92b7a90465e24d7df0a9519/history?token=0x912ce59144191c1204e64559fe8253a0e49e6548_ARB_arb" target="_blank" rel="nofollow">Debank</a>.</p> 
<p><em>Join us on <strong><a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" data-type="link" data-id="https://twitter.com/intent/follow?screen_name=captainaltcoin" target="_blank" rel="nofollow">Twitter</a></strong> and <strong><a rel="noreferrer noopener nofollow" href="https://www.facebook.com/captainaltcoin" target="_blank">Facebook</a> </strong>for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noreferrer noopener">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="link" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noreferrer noopener">price predictions</a>.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://captainaltcoin.com/arb-trader-buys-back-in-with-3270000-purchase-after-previous-failed-attempt/">ARB Trader Buys Back In With $3,270,000 Purchase After Previous Failed Attempt</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

ARB Trader Buys Back In With $3,270,000 Purchase After Previous Failed Attempt

Table of Contents

CaptainAltcoin

Other articles published on Sep 9, 2023

Jason Yang, a former strategy manager at Binance, Joins Nvirworld as CMO to help boost Nvirworld ...

What is crypto mining?

Shiba Inu: BONE Surprises With 50% Gain in Millionaire Addresses

XRP News: Ripple CLO Calls SEC Filing a “Hypocritical Pivot”

USDC, USDT holders exploring ROE in ongoing Borroe.Finance presale

What is the DOJ Claiming About Laptop Access of Sam Bankman-Fried?

Join our free newsletter for daily crypto updates!