A whale transferred the altcoin he bought to Binance in a harmful way.
On-chain analysis account Lookonchain made a statement on Twitter on December 2. in sharingthe harm done by a whale Arbitrum (ARB) mentioned the transactions.
According to the post, the whale in question is at the peaks of the ARB price. $1.59 from Binance on average 10.27 million dollar worth 6.47million ARB pulled. Whale wallet damaged Binance during the day 3.11 million dollar 3 million ARB deposited.
According to Etherscan data, the whale currently has 3.66 million dollar worth 3.52 million ARB is available. Although it is not yet known whether the wallet address is selling or not, the whale is positioned at an unrealized loss of 3.5 million.
According to CoinGecko data, ARB, which has increased much less than other cryptocurrencies, has only increased in the last 30 days. 4% could experience an increase. ARB, at the time of writing from $1.05 finds buyers.