Popular Altcoin is in a Bullish or Bearish Turn: How Will the Developments Affect the Price?

While billions of dollars worth of locks are expected to be unlocked in the Ethereum layer 2 project Arbitrum in a short time, whale movements attract attention.

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.

Reported by on-chain analysis platform Lookonchain to data according to $1.37 billion worth 673 million ARB, of your team use of will be opened for. $894 million worth 438 million ARB is given to users as progress payment. will be distributed.

According to data, the news of the lock opening was received by some whales. opportunity It was seen as.. “0x4009” A whale with a wallet was worth $4.57 million in the last week Purchase of 2.3 million ARBs carried out.

Another whale with a “0x1219” wallet has also been released within the last week. $1.97 million worth 901 thousand ARB purchased. But the whales’ preference was not only for buying.

According to on-chain data, 6 different whales have been found in the past week. ARB sale worth $15 million made. One of these whales is the corporate whale dForce and cross-chain protocol Synapse Labs Important actors such as.


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