Giant Whale Sold All of Its Rapidly Recovering Arbitrums (ARB) and Bought This Altcoin Instead!

released yesterday spot Bitcoin ETFRumors that Bitcoin and altcoins would be rejected led to sharp declines.

at this point BitcoinWhile , fell below $ 41,000, it attracted attention with its rise in recent days. Arbitrum There was also a sharp decline.

Arbitrum, which dropped to $1.46, then quickly recovered and rose above $2.

The whale turned this rise into an opportunity and sold 1.08 million dollars from 1.94 dollars. ARB sold.

lookonchain‘According to ‘s post, the giant whale sold 1.08 million ARB after the rise and bought 947 Ethereum (ETH) worth $ 2.09 million in return.

This whale made its ARBs in two pieces. Accordingly, he made his first purchase by purchasing 1.79 million ARB at $1.34 for 1,337 ETH (worth $2.4 million).

He made his second purchase on May 1, buying 710 thousand ARB at $1.33 in exchange for 514 ETH (worth $943 thousand).

“After the ARB price increased, a trader sold all 1.08 million ARB for 947 Ethereum (valued at $2.09 million).

This whale spent 1,337 ETH (worth $2.4 million) to buy 1.79 million ARB at $1.34 on launch day.

He made his second purchase on May 1 and bought 710 thousand ARB for 514 ETH (worth $943 thousand) at $1.33.

Since the price of ETH also increased during this period, the whale earned 124 ETH (worth $278,000) from this ARB trade.”

ARB At the time of writing, it continues to trade at $1.82.

*This is not investment advice.