Institutional whales started selling altcoins ahead of the major lock-up.
Reported by on-chain analysis platform Lookonchain to data According to two different institutional Arbitrum (ARB) whale $2.2 billion It started selling before the lock opening.
One of the corporate whales selling dForce happened. decentralized stablecoin protocol dForce, March 12 day $2.06 with average 5 million dollars worth 2.45 million ARB sold.
Another corporate whale is the cross-chain protocol Synapse Labs It was recorded as. Synapse Labs on March 12 Sale of 1.03 million ARBs worth $2.13 million at $2.07 carried out.
Both corporate companies have the ARB assets in question. air drop He acquired it through.
Arbitrum specific 16 March 04.00 CET As of today, the biggest lock opening in history will take place. 1.12 billion assets worth $2.2 billion will be unlocked. It is thought that this situation may create sales pressure for altcoins.
Attention to the Popular Altcoin Entering a Critical Turn: Institutions Are Selling Their Airdrops! The article titled was prepared by Tugay Erdem and published on koinbulteni.com.