Many investor moves towards Arbitrum (ARB), which has been airdropped in the past weeks, have come to the fore like a bombshell. Here are the details…
Airdrop hunter sells ARB
The Arbitrum (ARB) network, an Ethereum layer 2 scaling solution, has been gaining a lot of attention from cryptocurrency traders since the airdrop. According to Twitter user BitcoinEmber, an address known as an “airdrop hunter” collected more than 930,000 ARBs from 630 addresses on March 23. So an address received an average of 1,500 ARB airdrops. These tokens have since been exchanged for 708,345 ETH worth approximately $1.27 million at an average selling price of $1.36.
On the same day, Lookonchain data revealed that two addresses marked as Amber Group transferred 11.2 million ARBs worth approximately $15.8 million. Of this amount, 7.3 million ARBs worth approximately $10.3 million were transferred to OKX and Binance. cryptocoin.com We have covered the sale of Amber Group in this article. Reportedly, Amber’s whale had 9.94 million ARB tokens worth $14 million.
There are also ARB accumulators
In addition, Web3 infographic protocol 0xscope recently posted on social media that an EOA address has accumulated approximately 59 million ARBs worth approximately $84.4 million in the past day. 0xScope believes this address could be the hot wallet of South Korean cryptocurrency trading platform Upbit, which recently announced the launch of ARB with ARB/KRW and ARB/BTC trading pairs.
The Arbitrum network has been gaining traction among traders and investors since the airdrop. As of Friday, the market capitalization of ARB tokens was approximately $1.7 billion, with daily trading volume reported as approximately $1,397,327,284. It is currently traded on Binance, OKX, Bybit, Bitrue and BTCEX. According to Defillama, the Arbitrum network ranks fourth after Ethereum, Tron and Binance in terms of total value locked. As of Friday, the network’s total unlocked value was $2.24 billion. Some of the best decentralized financial ecosystems have already launched the Arbitrum chain, including Uniswap V3, Sushi, GMX and AAVE V3.
Additionally, Web3 developers have launched DEXs such as the Camelot protocol, ZyberSwap, and Vela Exchange. The launch of new tokens and networks has always been accompanied by increased volatility, and the ARB token is no exception. As a result, the ARB token is expected to experience high volatility. Despite this, the Arbitrum network is growing steadily and more projects are expected to be launched on the chain in the future.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.