The biggest cryptocurrency investors, called whales, have been busy accumulating a recent airdrop in recent days. The data shows that whales exchanged loads of ETH, USDT and USDT with this altcoin throughout the week.
Altcoin whales set new target
Arbitrum (ARB), an Ethereum-based Blockchain scaling solution, has become a favorite of whales after the airdrop event. On-chain analyst Lookonchain lists the top five Arbitrum whale transactions that have purchased a total of 13.31 million ARBs worth $17.54 million. According to the data, a crypto whale bought 4.94 million ARBs yesterday with 3,700 Ethereum worth $6.79 million. The whale paid a gas fee of $1.38 for this transaction.
Lookonchain notes that crypto whales are using USD Coin (USDC) and Tether (USDT) to raise millions of dollars in four other key transactions.
Biggest Arbitrum (ARB) trades of the week
The other whale bought 2.74 million ARBs at 3.52 million USDC at an average price of $1.28. Whale then used his investment to provide liquidity to Uniswap (UNI), earning $1.77 million in the transaction.
Another whale paid $3.56 million for $2.61 million ARB to USDC and USDT, with an average entry price of $1.28. The fourth crypto whale has accumulated 1.53 million ARBs and 1.95 million USDC with an average entry price of $1.28. The last whale purchased 1.49 million ARBs for $1.99 million USDC at an average price of $1.33.
The Arbitrum whale purchases come just one day after the crypto project’s highly anticipated airdrop on March 23. On the same day, Blockchain researcher Arbiscan announced that daily transactions on Arbitrum had reached the ATH level of 2,733,872.
In another development, Lookonchain found that a whale had replaced all its GMX positions with ARB. Whale bought 12,445 GMX (currently $927,000) for $40 with 300 ETH ($498,000). He then bought 12,445 GMX and 665,947 ARBs for $1.39.
Altcoin investors claim $680 million worth of ARBs in airdrop
On the first day of the Arbitrum airdrop, approximately 263,000 addresses requested more than 509 million ARB tokens, which is approximately 43.85% of the airdrop. This is worth over $680 million at the current price of $1.34.
The Arbitrum team has ensured that the token is listed on major exchanges including Binance, OKX, Bybit, Uniswap, MEXC, Huobi, Bitget and many more. Thus, the airdrop center found wide coverage among the exchange listings and the community.
cryptocoin.com In this article, we have included recent whale transactions that purchased ARBs worth over $3.3 million.
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.