Token

Arbitrum

Spot

Coin

<ul class="news-points"> 
 <li>Two whales made $3.29 million in profits after selling 2.77 million ARB tokens.</li> 
 <li>ARB’s price might increase due to the upcoming token unlock and Ethereum’s Dencum upgrade.</li> 
 <li>A close above the $2.15 resistance could drive ARB upwards to $3.</li> 
</ul> 
With <a href="https://coinedition.com/arb-leads-in-march-token-unlocks-with-2-212-billion-unleashing/">Arbitrum’s (ARB)</a> token unlock and <a href="https://coinedition.com/ethereum-hits-3800-dencun-upgrade-and-etf-hype-propel-surge/">Ethereum’s (ETH)</a> Dencun Upgrade approaching, two whales have let go of millions of ARB tokens. According to Spot On Chain, the whales deposited 2.77 million tokens into Binance. 
At the time the participants took the action, the tokens were worth $5.94 million while making $3.29 million in profits.&nbsp; 
Arbitrum’s token unlock is scheduled to take place on March 16 while Ethereum’s Dencum Upgrade would take place three days earlier. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Ahead of two important <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a> events next week, two whales 0x141 and 0xc99 jointly deposited 2.77M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ARB</a> ($5.94M) on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> ~8hrs ago, allegedly realizing $3.29M in profit. Please take note of the dates of the 2 upcoming events that can impact the ARB price next week: •… <a href="https://t.co/gnDkqWtpAw" target="_blank" rel="nofollow">pic.twitter.com/gnDkqWtpAw</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1766630108347969779?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">March 10, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
For some, these events are bullish for the token. But Arbitrum plans to release 1.1 billion tokens in…
The post <a href="https://coinedition.com/arb-price-prediction-token-unlock-and-the-effect-of-ethereums-upgrade/">ARB Price Prediction: Token Unlock and the Effect of Ethereum’s Upgrade</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

ARB Price Prediction: Token Unlock and the Effect of Ethereum’s Upgrade

Coin Edition

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