Token

Arbitrum

Spot

Coin

<ul class="news-points"> 
 <li><strong>Wintermute amassed $36.3 million in ARB tokens in eight hours.</strong></li> 
 <li><strong>This coincides with a $2.23 billion ARB token unlock on March 16.</strong></li> 
 <li><strong>Ethereum’s Dencun upgrade led to decreased fees on Arbitrum’s chain.</strong></li> 
</ul> 
<p>In the past eight hours, cryptocurrency trading firm <a href="https://platform.spotonchain.com/en/profile?address=0xdbf5e9c5206d0db70a90108bf936da60221dc080" target="_blank" rel="nofollow">Wintermute Trading</a> has accumulated a net amount of 17.08 million <a href="https://coinedition.com/tag/Arbitrum-arb/">Arbitrum (ARB)</a> tokens, according to data from blockchain analysis firm Spot On Chain. This represents a total value of $36.3 million.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">In the past 8 hours, Wintermute Trading (<a href="https://twitter.com/wintermute_t?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@wintermute_t</a>) accumulated a net amount of 17.08M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a> ($36.3M) from CEX, expanding their <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a> position vastly before the upcoming massive unlock on Mar 16!<br><br>Current holding: 29.48M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a> ($61.9M).<br><br>Follow <a href="https://twitter.com/spotonchain?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@spotonchain</a> and check out the… <a href="https://t.co/mM64jxM14Z" target="_blank" rel="nofollow">pic.twitter.com/mM64jxM14Z</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1768121465084236249?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">March 14, 2024</a>
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<p>The increase in Wintermute’s ARB holdings comes just two days before a scheduled <a href="https://token.unlocks.app/arbitrum" target="_blank" rel="nofollow">unlock</a> of 1.11 billion ARB tokens, worth approximately $2.23 billion, on March 16, 2024.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img decoding="async" width="651" height="351" src="https://coinedition.com/wp-content/uploads/2024/03/Wintermute.png" alt="" class="wp-image-383806" srcset="https://coinedition.com/wp-content/uploads/2024/03/Wintermute.png 651w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-300x162.png 300w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-380x205.png 380w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-159x86.png 159w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-440x237.png 440w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-414x223.png 414w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-306x165.png 306w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-377x203.png 377w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-123x66.png 123w, https://coinedition.com/wp-content/uploads/2024/03/Wintermute-129x70.png 129w" sizes="(max-width: 651px) 100vw, 651px">
  <figcaption class="wp-element-caption">
   <em>Wintermute Trading Transactions. Source: <a href="http://platform.spotonchain.com/signal-details/wintermute-trading-accumulated-a-large-amount-of-arb-55813" target="_blank" rel="nofollow">Spot On Chain</a></em>
  </figcaption>
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</div> 
<p>Over the past eight hours, according to Spot On Chain, Wintermute Trading withdrew 19.19 million ARB tokens from cryptocurrency exchanges Bi…</p>
<p>The post <a href="https://coinedition.com/wintermute-loads-up-on-36m-in-arb-before-major-token-unlock/">Wintermute Loads Up on $36M in ARB Before Major Token Unlock</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Wintermute Loads Up on $36M in ARB Before Major Token Unlock

Coin Edition

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