Arbitrum

Gains

<ul class="news-points"> 
 <li>Lookonchain data indicated that a whale withdrew 1.15 million ARB from Binance.</li> 
 <li>Over the past week, ARB’s price climbed by 3+%, which was likely due to a flurry of whale activity over the past few days.</li> 
 <li>Technical indicators suggested that ARB could see its price drop in the days to come.</li> 
</ul> 
<a href="https://coinedition.com/tag/Arbitrum-arb/" rel="noopener noreferrer nofollow">Arbitrum (ARB)</a> has proven itself to be a resilient cryptocurrency amidst the DeFi turbulence in the 2023 market. Data from the on-chain analytics platform Lookonchain indicates that this is largely fueled by the actions of whales and ARB supporters. 
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 The whale withdrew 17.53M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a> ($20.87M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> at an average withdrawal price of $1.19 before and deposited 11.13M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a> ($10.17M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> at an average deposit price of $0.91. The loss exceeded ~3M! And currently holds 7.55M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a>($6.25M).<a href="https://t.co/HpuZnHbap4" target="_blank" rel="noopener noreferrer nofollow">https://t.co/HpuZnHbap4</a> <a href="https://t.co/ejykYQ9kja" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ejykYQ9kja</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1705042522287013985?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 22, 2023</a> 
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According to an X post shared by Lookonchain earlier today, a prominent whale has given a major vote of confidence in ARB. In the last 48 hours, this whale withdrew 1.15 million ARB, valued at approximately $952,000, from the Binance exchange. 
ARB is quickly establishing a prominen… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/arbs-week-of-gains-may-be-followed-by-a-drop-to-0-746/">ARB’s Week Of Gains May Be Followed By A Drop To $0.746</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

ARB’s Week Of Gains May Be Followed By A Drop To $0.746

Coin Edition

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