One whale wallet spent 843 Ethereum to buy $1.61 million worth of Arbitrum.
Shared by on-chain analysis account Lookonchain on October 31 to the post According to a whale, $0.95 at cost $1.61 million Arbitrum (ARB) made the purchase.
The whale address in question is for ARB reception. 1.5 million dollar worth 843 Ethereum (ETH) made payment.
It was stated that the whale, which made the purchase through many transactions, has been providing liquidity for ARB since October 23 in order to earn transaction fees. It is thought that the large purchase was made for this reason and that the whale aimed to obtain passive income from ARB.
The purchases made by the whale are also at ARB price also brought some increase. When your wallet address makes purchases $0.944 ARB at levels 0.9835, up 3% It reached up to USD.
According to CoinGecko data, ARB price at the time of writing, from $0.966 is being traded.