Arbitrum

Bitcoin

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According to a recent tweet issued by the @lookonchain "Smart Money" wallet tracker, earlier this week, two dormant whales became active again and started buying massive amounts of <a href="https://u.today/arbitrum-arb-on-solid-8-rise-as-whales-and-andrew-kang-chipping-in">Arbitrum</a> (ARB) tokens.
One of the whales had stayed inactive for 1.6 years; he bought 450,881 ARB on Binance, paying $504,000 for it. The second whale emerged after half a year of dormancy and bought 1.57 million ARB, spending 939 ETH (worth $1.68 million) on them.
@lookonchain tweet stated that these purchases look suspicious, as if these awakened whales knew something in advance.
<blockquote class="twitter-tweet">
 When a dormant whale wakes up and buys a token, he must have known something in advance.<a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a> is pumping today and 2 dormant whales bought <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARB</a> in advance. <a href="https://t.co/bWnGVIlcMz">pic.twitter.com/bWnGVIlcMz</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1673540909651333120?ref_src=twsrc%5Etfw">June 27, 2023</a>
</blockquote>
<h2 id="arbitrum-price-action">Arbitrum price action</h2>
Today, ARB has been going up pretty fast, adding 6.73% and jumping from $0.1413 to the $0.2182 level, where it is trading at the time of this publication.
During the past seven days, i.e., since June 22, the ARB price has increased by more than 22%. The trading volume since yesterday has jumped by slightly under 44%, hitting $433 million, according to data shared by the CoinMarketCap platform.
Arbitrum is not the only speculative token that is pumping now. BLUR has also demonstrated a rapid price surge&nbsp;— 27% within the last 24 hours and around 13% within the past week.
Now that investors are withdrawing funds from crypto behemoths like Bitcoin and Ethereum, they are putting it into more speculative tokens, like BLUR and ARB.
<a href="https://u.today/three-reasons-why-blur-is-up-25">card</a>
<h2 id="blur-surges-on-new-listing-news">BLUR surges on new listing news</h2>
Earlier today, South Korean crypto giant Upbit announced that it had added support for BLUR. It pushed the token's price up by roughly 27%, according to a tweet by @lookonchain. It also reported that Wintermute Trading withdrew 10 million BLUR (worth $4.2 million) from Coinbase Custody Wallet and then moved them to the Kraken exchange more than 12 hours ago.
Now, BLUR is changing hands at $0.3891, according to data provided by CoinMarketCap.
<blockquote class="twitter-tweet">
 The unusual behavior of market makers is always worth noting.The price of <a href="https://twitter.com/search?q=%24BLUR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BLUR</a> suddenly skyrocketed by ~27% after the announcement that <a href="https://twitter.com/hashtag/Upbit?src=hash&amp;ref_src=twsrc%5Etfw">#Upbit</a> would list <a href="https://twitter.com/search?q=%24BLUR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BLUR</a>.Wintermute Trading received 10M <a href="https://twitter.com/search?q=%24BLUR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BLUR</a> ($4.2M) from <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a> Custody Wallet and deposited to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw">#Kraken</a> ~12 hrs ago. <a href="https://t.co/g0KuuSq0qk">pic.twitter.com/g0KuuSq0qk</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1673583150851821569?ref_src=twsrc%5Etfw">June 27, 2023</a>
</blockquote>

Dormant Whales Grab ARB Before It Soars: 'They Must Have Known Something' Analysts Claim

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