Mandala Capital Shifts 3.6 Million ARB Tokens: From Radiant Capital To OKX

Key Points:

  • Mandala Capital moves 3.6 million ARB tokens from Radiant Capital to OKX in a tactical maneuver, executed at an average price of $1.017.
  • CAP Finance transfers and sells 1.88 million ARB tokens, originating from an airdrop, fetching $1.93 million and exemplifying dynamic cryptocurrency portfolio management.
On August 21, Spot On Chain monitoring revealed that Mandala Capital executed a significant move within the cryptocurrency space. 
Mandala Capital Shifts 3.6 Million ARB Tokens: From Radiant Capital To OKX

The investment firm – Mandala Capital withdrew a substantial 3.6 million ARB tokens from Radiant Capital and promptly transferred them to OKX exchange. This strategic maneuver occurred over the past three hours, with the tokens shifted at an average price of $1.017.

In a related development, decentralized perpetual trading platform CAP Finance recently caught the attention of on-chain analyst Ember. The platform executed a transfer of 1.88 million ARB tokens (equivalent to $1.93 million) from its vault address. Subsequently, CAP Finance sold 1 million ARB tokens at an average price of $1.02, receiving 102 10,000 USDC. Notably, the ARB tokens in question originated from a DAO airdrop of 2.96 million ARBs acquired from the Arbitrum Foundation on April 25.

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The aforementioned airdrop holdings were further diversified as 2 million ARBs were sold, resulting in the acquisition of 311 ETH and 1.59 million USD stablecoins at an average price of $1.09. These strategic moves underline the dynamic and evolving nature of cryptocurrency portfolio management, where adaptability and informed decision-making play a pivotal role in achieving investment goals.

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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