Ethereum

Arbitrum

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<p>At least three ARB whales might be selling their tokens as Arbitrum's DAO asset loses over 33% in price in 30 days. One of them still owns a massive stake of ARB tokens to sell.&nbsp;</p> 
<h2 id="arbitrum-arb-whales-moved-10-000-000-tokens-to-binance-bnb-mass-selling">Arbitrum (ARB) whales moved 10,000,000 tokens to Binance (BNB), mass-selling?</h2> 
<p>Today, Sept. 11, 2023, three top-tier Arbitrum (ARB) whales moved their riches to Binance (BNB), the largest cryptocurrency exchange. In total, over 10.2 million of ARB tokens were moved.</p> 
<blockquote> 
 <p lang="en" dir="ltr">Today, 3 whales transferred 10.23 million ARB (valued at US$8 million) to Binance, including 0xe972 transferred 3.8 million ARB to Binance and sold it at $0.77 for 1,812 ETH. It still holds 13.78 million ARB; vladilena2.eth transferred 3.63 million ARB to Binance, the price was…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1701245448617435447?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 11, 2023</a> 
</blockquote> 
<p>As unveiled by Chinese cryptocurrency journalist Colin Wu, the first whale transferred 3.8 million ARB to Binance (BNB) and sold it at $0.77 per token. The whale made 1,812 Ethers (ETH) on this deal and still owns 13.7 million ARB tokens to sell.</p> 
<p>Another super whale known as vladilena2.eth sold 3.63 million ARB at $0.83 per token. This address still holds over $14 million worth of various altcoins and received 2,800 Staked Ethers (stETH) from Lido Finance (LDO) in the last 24 hours.</p> 
<p>The third whale moved 2.8 million ARB to Binance (BNB) when the price was $0.79. As the price of ARB dropped below $0.77 by press time, all three whales can get their funds back with profit right now.</p> 
<h2 id="arbitrum-arb-remains-dominant-l2-releases-game-changing-stylus-tool">Arbitrum (ARB) remains dominant L2, releases game-changing Stylus tool</h2> 
<p>The last 30 days have been merciless to ARB token: it lost one third of its capitalization. Today, Sept. 11, 2023, the price plummeted to an all-time low on major spot exchanges.</p> 
<p>However, Arbitrum (ARB) remains the most popular Ethereum (ETH) second-layer scaling solution. With $5 billion in TVL, it is responsible for 55% of Ethereum's L2 ecosystem.</p> 
<p>As covered by U.Today previously, on Arbitrum Day (Aug. 31), Arbitrum developers released <a href="https://u.today/arbitrum-day-largest-ethereum-scaler-breaks-into-wasm-ecosystem" rel="noopener noreferrer nofollow">Stylus</a>, an instrument that allows WASM smart contracts to go live on Ethereum-like blockchains.</p>

Arbitrum (ARB) Whales Selling? Here's What Data Shows

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