Amber Sells Crypto World’s Popular Altcoin!

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Popular blockchain analytics firm Lookonchain Arbitrum (ARB) shared interesting details about token investors. According to the data, cryptocurrency whale and investment firm Amber has sold most of its ARB tokens. On the other hand, news from other whales drew attention.

Three other prominent whales focused on increasing the number of ARB tokens they hold. The news from these three whales was interpreted as a potential rise. The largest wallet continues to hold its assets.

Lookonchain reported that Amber’s two respective addresses transferred 11.2 million ARB ($15.8 million) from their wallets, and 7.3 million ARB ($10.3 million) was transferred to two popular cryptocurrency exchanges OKX and Binance. Has detected. The remaining 4.47 million ARB token ($6.3 million) is still by Amber being held.

The three whales continue to receive large amounts of ARBs from various exchanges. Whale “0xe04d” received 2.18 million ARB ($3.08 million) from OKX the day before and then 1.86 million ARB ($2.62 million) from both OKX and Binance 10 hours ago.

The “0xadf5” whale also received 2.28 million ARB ($3.22 million) from OKX and then 1.81 million ARB ($2.55 million) from OKX 10 hours ago. Finally, Whale “0xa252” received 334,799 ARB ($472,000) from Binance the day before, and then 668,999 ARB ($943,000) again from Binance 10 hours ago.

The largest Arbitrum token wallet holds $9.94 million ARB ($14 million) and has not transferred any ARBs from its wallet.

Koinfinans.com As we have reported, the movements of whales and institutions in the ARB market can be an indicator of market trends and sentiment. While Amber has dwindled their holdings, the other three whales are accumulating ARBs, suggesting that there may be an uptrend for the token in the near future. It is not yet clear whether this trend will continue and what impact it might have on the overall cryptocurrency market.

You can follow the current price action here.


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