Analyst Discovers Super Airdrop Hunters Receive 2.3 Million ARB

Key Points:

• Lookonchain discovered noteworthy activity involving $ARB tokens.
• Two individuals identified as super airdrop hunters received large quantities of $ARB.
• Another individual spent $1M in $USDC to purchase 731,361 $ARB at an average price of $1.37.

Two super airdrop hunters and a $1M purchase with $USDC highlight the profitability of $ARB airdrops and the importance of being vigilant.

Lookonchain, a blockchain analytics platform, recently discovered some noteworthy activity involving $ARB tokens. Two individuals, 0xe1e2 and 0xbd4e, were identified as super airdrop hunters, having received large quantities of $ARB.

The first individual, 0xe1e2, received 1.4 million $ARB through 866 different addresses, equivalent to $1.28 million at the time of the airdrop. This person chose to add all of the $ARB they received to Uniswap to provide liquidity. The second individual, 0xbd4e, received 933,375 $ARB through 630 addresses, also equivalent to $1.28 million at the time of the airdrop.

In addition to these two individuals, another person received an airdrop of 10,250 $ARB. Instead of selling the tokens immediately, this individual spent $1 million in $USDC to purchase 731,361 $ARB, with an average buying price of $1.37.

It is important to note that before sending tokens, it is essential to ensure that the input address is correct. Many people mistakenly send $ARB to the $ARB token contract address, resulting in tokens that cannot be withdrawn.

Currently, there are 162k $ARB ($0.25M) in the $ARB token contract, making it the 184th largest holder of $ARB tokens, according to OxScope.

The discovery of these super airdrop hunters and the individual who purchased $ARB with $USDC highlights the potential profitability of airdrops and the importance of being vigilant when sending tokens to prevent mistakes.

Overall, the discovery of these individuals and their actions provides insight into the complex world of cryptocurrency investing and serves as a reminder of the importance of caution and attention to detail in this exciting but volatile space.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Thana

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