Arbitrum

<ul><li>Major investors shed $16.05M in ARB tokens at a significant loss.</li><li>One whale recorded a 29% negative Return on Investment (ROI).</li><li>Recent ARB price drop hints at a potential bearish trend in the short term.</li></ul>Recent data from a leading blockchain analytics platform, Lookonchain, has cast a spotlight on a sudden and significant move in the ARB token market. Within a span of 30 hours, seven high-value investors, commonly referred to as whales, chose to divest their holdings in the ARB token. The magnitude of this action is striking — the whales collectively sold assets that amounted to a staggering 20.41 million $ARB, equivalent to $16.05 million.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/52f62f2adfc74988abc0f696015e8711.png" />Among the sellers, one investor stands out for unloading more than $3.2 million worth of ARB tokens. A deeper look into their transaction history shows that the original purchase was made for roughly $4.6 million. This represents a negative 29% ROI, indicating a severe downturn in their expected profits. Another key player followed a similar trajectory, disposing of $2.6 million in ARB tokens and losing over $2 million. Their initial investment hovered around the $4.7 million mark.These seven whales have undoubtedly influenced market sentiment, sparking debates among investors and analysts alike. The impact of this divestment activity could range from triggering a bearish trend to creating buying opportunities for smaller investors looking to enter the market at a lower valuation.Read full article at <a href="https://cryptotale.org/seven-whales-exit-arb-token-investments-incurring-significant-losses/" rel="noopener noreferrer nofollow">CryptoTale .</a>

Seven Whales Exit ARB Token Investments, Incurring Significant Losses

CryptoTale

Other articles published on Sep 12, 2023

Ankr and Tencent Cloud Join Forces to Launch Blockchain RPC Service for Developers

GBTC ‘Discount’ Touches Nadir Even When BTC’s At 3-Month Low

Shiba Inu (SHIB) crypto: A 330% burn

With Over 10,000 Attendees Confirmed, TOKEN2049 Singapore Sets Record-Breaking Attendee and Spons...

CoinEx exchange suspected of being hacked as $27M worth of crypto moved

Bitcoin Price Prediction: Bitcoin’s Price Could Explode to $50,000 in Just 6 Months!

Join our free newsletter for daily crypto updates!