2024

Arbitrum

Spot

Coin

<ul class="news-points">
 <li>According to Spot On Chain, ARB price dropped 11% amid a market downtime and a major unlock.</li>
 <li>Six wallets that recently received tokens from vesting contracts deposited 8.95 million ARB to Binance.</li>
 <li>ARB’s price fell significantly, breaking below notable support at $1.685.</li>
</ul>
According to Spot On Chain, the on-chain platform for crypto analytics, Arbitrum (ARB) price dropped 11% amid a market downtime and a major unlock. In a post on X, Spot On Chain noted that six wallets that recently received tokens from vesting contracts deposited 8.95 million ARB, equivalent to $16.4 million to Binance.
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 The <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a> price dropped 11% (12H) amid a market downtime and a major unlock! In the past 12 hours, 6 wallets, which just received tokens from vesting contracts, have deposited 8.95M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a> ($16.4M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a>. They still hold 32.95M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a> ($56.7M) and may deposit out more tokens!… <a href="https://t.co/165fOuMpvh" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/165fOuMpvh</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1769178915648471328?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 17, 2024</a>
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The analytics platform further noted that the identified wallets still hold 32.95 million ARB, worth $56.6 million, and may deposit more tokens.&nbsp;
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The post <a href="https://coinedition.com/arbs-price-continues-to-drop-as-whale-deposited-8-95m-tokens-to-binance/" rel="noopener noreferrer nofollow">ARB’s Price Continues to Drop As Whale Deposited 8.95M Tokens to Binance</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

ARB’s Price Continues to Drop As Whale Deposited 8.95M Tokens to Binance

Coin Edition

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