News

Whales Transfer $8M ARB to Binance, Stirring Excitement

Key Points:

  • Three whales transfer 10.23M ARB tokens to Binance.
  • Whale 0xe972 sells 3.8M ARB for 1,812 ETH at $0.77.
  • ARB token prices and trader sentiment in focus.
Three prominent whales orchestrated a series of transactions that sent ripples through the blockchain.

A total of 10.23 million ARB tokens, with a staggering valuation of US$8 million, were transferred to Binance, capturing the attention of traders and enthusiasts alike.

The first whale, identified by the address 0xe972, initiated the action by transferring a substantial 3.8 million ARB tokens to Binance. In a calculated move, they sold this ARB stash at the rate of $0.77 per token, resulting in a substantial haul of 1,812 ETH. Remarkably, the whale still retains a significant holding of 13.78 million ARB tokens, suggesting a continued interest in the asset.

Another crypto player known by the name vladilena2.eth entered the scene, transferring 3.63 million ARB tokens to Binance. The price point at the time of transfer stood at $0.83 per token, further accentuating the significance of this transaction.

The address 0x695 took action, transferring 2.8 million ARB tokens to Binance at a price of $0.79 per token. The coordinated movement of these three whales adds intrigue to the unfolding narrative of ARB token activity.

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.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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