Whale Moves Unveiled After Massive Arbitrum Coin Unlock

Discover the strategic maneuvers of whales post-Arbitrum token unlock, shedding light on market dynamics and whale behavior. Unique insights into significant transactions and potential profits.

Following the unveiling of unlocked coins on the Ethereum layer-2 solution Arbitrum (ARB), whales’ actions have come to light, influencing market trends. The ARB price plummeted by 11% amidst this unlocking event, coinciding with broader market downturns. Notably, six wallets, recipients of tokens from recent unlocked vesting contracts, deposited 8.95 million ARB ($16.4 million) into Binance.

Despite this, they retained 32.95 million ARB ($56.7 million). Moreover, a significant whale, with the wallet address 0xc99, deposited 3 million ARB ($4.97 million) into Binance, not associated with the unlocked tokens. This whale had previously accumulated 5.02 million ARB ($4.09 million) from Binance and OKX, later depositing all tokens into Gate.io and Binance. If the whale sold its tokens, it could yield an estimated profit of $5.2 million, marking a 127% increase from the initial investment. These revelations provide valuable insights into market dynamics and whale strategies post-Arbitrum unlock.

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