Arbitrum

Coin

<ul class="news-points"> 
 <li>The Data Nerd revealed in a tweet today that whales and market makers sold more than 30 million ARB over the past 24 hours.</li> 
 <li>Further analysis indicated that 7 whales sold 20.41 million ARB at a 33.67% loss.</li> 
 <li>Meanwhile, a medium-term bullish chart pattern had formed on ARB’s daily chart.</li> 
</ul> 
The Twitter user The Data Nerd revealed in a tweet earlier today that whales and market makers dumped more than 30 million <a href="https://coinedition.com/tag/arbitrum-arb/" rel="noopener noreferrer nofollow">Arbitrum (ARB)</a> tokens throughout the past 24 hours. According to the post, on-chain data reveals that 7 whales sold 20.41 million ARB at a 33.67% loss. 
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 Over the past 1 day, Whale and MM have dumped more than 30M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a>. • 7 whales sold 20.41M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a> ($16.05M), suffering a loss of $8.15M(-33.67%). • Wintermute Trading deposited 8.35M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a>($6.44M) to CEX and still holds 36.6M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a>($28.35M). And <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a> decreases by 8% to $0.77. <a href="https://t.co/Av7stJ4MyR" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Av7stJ4MyR</a>— The Data Nerd (@OnchainDataNerd) <a href="https://twitter.com/OnchainDataNerd/status/1701475326684176427?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 12, 2023</a> 
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Meanwhile, Wintermute Trading deposited 8.35 million ARB, estimated to be worth $6.44 million, to a centralized exchange over the past 24 hours. Despite offloading some of its ARB, the market making company still holds 36.6 million tokens, according to the … 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/arb-whales-and-market-makers-caused-its-drop-on-chain-data/">ARB Whales and Market Makers Caused Its Drop: On-Chain Data</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

ARB Whales and Market Makers Caused Its Drop: On-Chain Data

Coin Edition

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