Arbitrum

Dollars

Million

Coin

<ul class="news-points">
 <li><strong>A whale has sold millions of ARB tokens despite not being in profit.</strong></li>
 <li><strong>Buying pressure has dried up, indicating a further plunge below $1.05.</strong></li>
 <li><strong>If bulls are able to defend the $1 region, ARB may retest $1.12 in no time.</strong></li>
</ul>
<p>According to Lookonchain, an Arbitrum whale is dumping millions of <a href="https://coinedition.com/crypto-traders-top-3-altcoins-arb-inj-and-link-face-correction/" rel="noopener noreferrer nofollow">ARB</a> tokens again. This whale was identified by the smart money tracking platform Lookonchain on November 17, when their wallet was spotted selling ARB tokens at a loss. This time, it did not seem any different as the same whale sold ARB at $1.05 after buying at $1.23, at a loss of $6 million.</p>
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   <p lang="en" dir="ltr">The giant whale has dumped all 14M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a>($14.84M) at ~$1.05 since Nov 16.<br><br>The whale withdrew 22.55M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a>($27.76M) at ~$1.23 from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> and <a href="https://twitter.com/hashtag/Gateio?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Gateio</a> in April.<br><br>And also deposited 8.44M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a>($6.92M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> at $0.82 in Sept.<br><br>The total loss is $6M.<a href="https://t.co/46fMtKikbd" target="_blank" rel="noopener noreferrer nofollow">https://t.co/46fMtKikbd</a> <a href="https://t.co/D2JRsGaGk3" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/D2JRsGaGk3</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1726429749390856397?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 20, 2023</a>
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<h2 class="wp-block-heading" id="h-arb-profit-taking-rules"><strong>ARB Profit-Taking Rules</strong></h2>
<p>According to CoinMarketCap, Arbitrum has lost 7.98% of its value in the last seven days.</p>
<p>The decrease in price could be linked to the whale dump. Besides that, ARB’s 30-day performance was a 32.16% increase. So, there is…</p>
<p>The post <a href="https://coinedition.com/smart-money-you-say-whale-loses-6-million-dollars-in-arb-dump/" rel="noopener noreferrer nofollow">‘Smart Money’, You Say? Whale Loses 6 Million Dollars in ARB Dump</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

‘Smart Money’, You Say? Whale Loses 6 Million Dollars in ARB Dump

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