The massive unlocking in the Ethereum-based layer 2 (L2) project Arbitrum mobilized whales.
Specially for Arbitrum, approximately $2.5 billion After the unlocking of 100,000 TL, the whales rolled up their sleeves. Reported by on-chain analysis platform Lookonchain to data according to 11 different whales worth 58 million dollars worth 34 million ARB carried it to the stock exchanges.
This process is carried out by whales who have been waiting for a lock opening for a long time. Preparation before profit sale interpreted as transfer. The largest of the 11 wallets that made transfers was “0x1f66It was the whale wallet named “. This wallet stands alone $12 million worth 7.4 million ARB It attracted attention by taking it to the stock market.
According to CoinGecko data, % in the last 3 days due to sales pressure.ARB devalued around 16decreased from $ 1.95 to $ 1.63.