In the ever-evolving world of altcoins, recent analysis reveals interesting movements in the holdings of major addresses. Today, we dive into two separate examples involving the ARB token and SHIB, shedding light on key transactions that have occurred in the last 24 hours. Here are the details…
Altcoin Arbitrum saw major movements
Spotonchain highlighted a significant accumulation by the Amber Group address with a total of 6.41 million ARB (approximately $7.58 million) since November 17. The last transaction, which occurred just 8 hours ago, saw 1.51 million ARB (approximately $2.07 million) withdrawn from a centralized exchange at a price of $1.37. As of now, the address has a profit of $1.07 million, showing a significant gain of 14.2%.
On the other hand, data analyst Ember reported that a particular whale address withdrew 2.91 million ARB (approximately $3.66 million) from OKX during a recent increase in ARB’s value. The address currently has a total of 4.15 million ARB. So purchased ARB at a cost of $1.16. Interestingly, historical data reveals prior success for this address in April, withdrawing 1.85 million ARB from OKX at $1.18, returning it just five days later at a price $1.69 higher, making it $930,000 (%). 43) is making a profit.
SHIB whales also took action
Additionally, according to LookonChain tracking on Dec. 23, several whale addresses, including crypto entrepreneur Justin Sun, have been actively accumulating significant amounts of SHIB over the past month. Notable transactions include a new address starting with 0x95AD, which pulled 237.87 billion SHIB (about $2.56 million) from Binance 13 hours ago. Justin Sun’s address attracted a total of SHIB 577 billion on December 18 and 19 (about $6.17 million). In addition, addresses starting with 0xfa22 and 0xf17f, potentially belonging to the same person, attracted a total of SHIB 850 billion (approximately $7.57 million) from Binance last month. Another address, 0x8652, began a series of withdrawals from Binance totaling SHIB 543.3 billion (about $5.8 million), with a significant portion accumulated on November 30 and December 1.
As these whale transactions continue to emerge, they leave the crypto community speculating on the potential impact on market dynamics. Stay tuned for more developments as we navigate the cryptocurrency seas, where every transaction tells a story of strategic moves and potential gains.
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