Main navigation

Millions of Arbitrum (ARB) Bought by Whale as ARB Dips, Here's How Much Held Now

Thu, 04/27/2023 - 13:50
article image
Yuri Molchan
Whales continue to stock up on Arbitrum, while price goes down, offering good discount
Millions of Arbitrum (ARB) Bought by Whale as ARB Dips, Here's How Much Held Now
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Twitter account @lookonchain@ that tracks transactions of "Smart Money" and whale wallets has noticed that, recently, a whale has received several million ARB tokens from two top crypto exchanges — Binance and — presumably withdrawing the tokens after purchasing them.

According to the tweets, the whale bought roughly 3.67 million Arbitrium from Binance and when the token's price went up to the $1.48 level. The purchase was worth $5.4 million.

Later on, the same wallet withdrew 827,766 ARB (evaluated at $1.16 million) from At present, this whale's wallet contains a total of 4.53 million Arbitrum. That is the equivalent of $6.34 million.

Dogecoin Founder Says He Would Buy Neither Meme Coins Nor NFTs

Earlier today, the ARB price took a dive from a peak of $1.49 to $1.34, according to CoinMarketCap. By now, the price has managed to recover a little and is sitting at $1.4094.

Recently, U.Today reported that ARB experienced a rise by nearly 12% as whales began to accumulate this token. Prior to that, Arbitrum made an airdrop of 90.15 million ARB to 131 DAO addresses.

One of them, dubbed TRIDENT, immediately sold 131,345 ARB at the price of $1.31 via three wallets after receiving its portion of the airdrop. That earned the address $172,000, according to @lookonchain.

According to CoinMarketCap, Arbitrum's native token ARB reached a historic peak of $11.80 a month ago, on March 23. Currently, it is trading 88.06% below that level. ARB is ranked 36th on the aforementioned crypto analytics website.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at