• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, September 19, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

About 7 Whales Trigger $ARB Sell-Off, Dumping Over 20.41 million $ARB

Will Izuchukwu by Will Izuchukwu
September 12, 2023
in News
Reading Time: 2 mins read
0
Share on TwitterShare on Facebook

In the fast-paced world of cryptocurrency trading, whales – individuals or entities holding significant amounts of a particular token – can sway markets with their actions. In a recent episode, a whale who was long on $ARB took center stage in a series of transactions that has left the crypto community buzzing.

Over the course of the last 5 hours, this whale executed a series of moves that caught the attention of many traders. Initially, they withdrew a substantial 5 million $ARB, equivalent to approximately $3.85 million, from the Aave platform. Subsequently, they deposited 3.8 million $ARB, valued at around $2.93 million, into Binance. Currently, this whale holds 8 million $ARB, totaling approximately $6.16 million.

ARBITRUM ARB
Source: Lookonchain

However, what’s most intriguing about this situation is the broader context of the $ARB market. In the past 30 hours, seven other whales made substantial sell-offs, collectively dumping 20.41 million $ARB, worth an astounding $16.05 million. What’s even more noteworthy is that these whales collectively incurred a staggering loss of $8.15 million, translating to a significant 33.67% decrease in the value of their assets.

This series of events serves as a reminder of the volatility and unpredictability of the cryptocurrency market. The actions of whales can have a profound impact on token prices, leading to rapid price fluctuations and significant losses for some investors.

For traders and investors alike, it underscores the importance of staying informed, conducting thorough research, and having a clear risk management strategy in place when participating in the ever-evolving world of cryptocurrency. The $ARB saga serves as a stark reminder that while the potential for gains can be substantial, so too are the risks.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

Follow us on Twitter @thevrsoldier to stay updated with the latest Crypto, NFT, and Metaverse news!

Image Source: angrysun//23RF// Image Effects by Colorcinch

Tags: ARBArbitrumWhaleWhales
Previous Post

The Tradecurve Markets (TCRV) Temptation: Uniswap (UNI) and Polkadot (DOT) Magnates Can’t Resist

Next Post

Bitcoin Reclaims $26.5K With 1.1 Million Daily Addresses Spike, Traders Take Profits

Related Posts

XRP’s Coinbase Supply Crash Sparks Q4 Rally Speculation
Market Analysis

XRP Coinbase Supply Crash Sparks Q4 Rally Speculation

September 16, 2025
Featured

Pakistan Moves to Regulate Digital Asset

September 14, 2025
shibarium-shib-hardfork 1
Featured

Shibarium Bridge Hit by $2.4M Exploit

September 14, 2025
coinbase-ceo-bitcoin-Brian Armstrong 1
Featured

Coinbase Explains How Token Listings Work

September 14, 2025
XRP Targets a Breakout as Bulls Eye a 20% Surge
Market Analysis

XRP Targets a Breakout as Bulls Eye a 20% Surge

September 13, 2025
Featured

Bitcoin Takes a Breather After Record High – But the Bulls Aren’t Done Yet

September 13, 2025

Press Releases

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

by Alex Mercer
September 10, 2025

Ripple’s XRP is flirting with the $3 mark again, thanks to a tidal wave of speculation around a potential ETF...

Read more
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier