While two important developments awaited the popular altcoin this week, whales accelerated their movements.
Whale activities in Arbitrum (ARB), the popular layer 2 (L2) altcoin of the cryptocurrency market, accelerated with two important events to take place this week.
According to data provided by the on-chain analysis platform Spot On Chain 0x141 And 0xc99 two whales with wallets, March 10 day $5.94 million worth 2.77 million ARB Transferred it to Binance. of whales With profits worth $3.29 million It is thought that they sold these investments jointly.
The lock opening, one of the most important events Arbitrum will witness this week, was among the events that particularly worried the whales. According to TokenUnlock data As of March 16, 04:00, 1.12 billion ARB worth 2.2 billion dollars will be unlocked.. This amount is the circulating supply to 77.10% It coincides.
On the other hand, another development for Arbitrum includes a more positive wind. on March 13 will happen Ethereum Dencun The update will significantly reduce transaction fees for layer 2 networks, including Arbitrum. This upgrade A new wave of rise on layer 2 projects is expected to create.
According to CoinGecko data, in the last 24 hours 0.6% increase exhibiting ARB, at the time of writing from $2.05 is being traded.