ARB Whales and Market Makers Caused Its Drop: On-Chain Data
- The Data Nerd revealed in a tweet today that whales and market makers sold more than 30 million ARB over the past 24 hours.
- Further analysis indicated that 7 whales sold 20.41 million ARB at a 33.67% loss.
- Meanwhile, a medium-term bullish chart pattern had formed on ARB’s daily chart.
The Twitter user The Data Nerd revealed in a tweet earlier today that whales and market makers dumped more than 30 million Arbitrum (ARB) tokens throughout the past 24 hours. According to the post, on-chain data reveals that 7 whales sold 20.41 million ARB at a 33.67% loss.
Meanwhile, Wintermute Trading deposited 8.35 million ARB, estimated to be worth $6.44 million, to a centralized exchange over the past 24 hours. Despite offloading some of its ARB, the market making company still holds 36.6 million tokens, according to the …
The post ARB Whales and Market Makers Caused Its Drop: On-Chain Data appeared first on Coin Edition.
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ARB Whales and Market Makers Caused Its Drop: On-Chain Data
- The Data Nerd revealed in a tweet today that whales and market makers sold more than 30 million ARB over the past 24 hours.
- Further analysis indicated that 7 whales sold 20.41 million ARB at a 33.67% loss.
- Meanwhile, a medium-term bullish chart pattern had formed on ARB’s daily chart.
The Twitter user The Data Nerd revealed in a tweet earlier today that whales and market makers dumped more than 30 million Arbitrum (ARB) tokens throughout the past 24 hours. According to the post, on-chain data reveals that 7 whales sold 20.41 million ARB at a 33.67% loss.
Meanwhile, Wintermute Trading deposited 8.35 million ARB, estimated to be worth $6.44 million, to a centralized exchange over the past 24 hours. Despite offloading some of its ARB, the market making company still holds 36.6 million tokens, according to the …
The post ARB Whales and Market Makers Caused Its Drop: On-Chain Data appeared first on Coin Edition.
Read More