Ethereum

Arbitrum

Bitcoin

Million

Coin

<ul class="news-points"> 
 <li><strong>Over the past two days, a whale bought ARB worth millions, according to Lookonchain.</strong></li> 
 <li><strong>ARB was trading at $1.14 at press time after its price dropped 1.72% over the past day of trading.</strong></li> 
 <li><strong>A medium-term bearish technical flag was triggered on ARB’s daily chart.</strong></li> 
</ul> 
<p>A whale has been lining its pockets with <a href="https://coinedition.com/tag/arbitrum-arb/" rel="noopener noreferrer nofollow">Arbitrum (ARB)</a> recently. According to a Twitter post shared by the on-chain analytics platform, Lookonchain, a whale spent 800 Ethereum (ETH), worth about $1.47 million, over the past two days to buy 1.27 million ARB. When the cryptocurrency was bought, it was trading hands at $1.16.</p> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">A whale spent 800 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($1.47M) to buy 1.27M <a href="https://twitter.com/search?q=%24ARB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ARB</a> at ~$1.16 in the past 2 days.<a href="https://t.co/VPPZoOeXmb" target="_blank" rel="noopener noreferrer nofollow">https://t.co/VPPZoOeXmb</a> <a href="https://t.co/BWnAxC7fJP" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/BWnAxC7fJP</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1690977522673217536?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 14, 2023</a> 
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<p>Since then, CoinMarketCap indicated that ARB’s price declined by 1.72% over the past day of trading. This meant that ARB was trading at $1.14 at press time after it was able to set a 24-hour high of $1.17.</p> 
<p>Along with ARB’s price slip, it also weakened against market leader Bitcoin (BTC) by more than 2% throughout the past day. Meanwhile, the cryptocurrency’s intraday volume of $121.779,342 meant that i…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/arb-whale-purchases-1-27-million-tokens-on-chain-data/">ARB Whale Purchases 1.27 Million Tokens: On-chain Data</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

ARB Whale Purchases 1.27 Million Tokens: On-chain Data

Coin Edition

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