An altcoin preference of the whale selling Ethereum in the crypto money world has fallen like a bomb on the agenda. It is natural that the move of the cryptocurrency whale should attract attention. Because the amount sold corresponds to millions of dollars. Let’s look at the details
A remarkable altcoin ARB buying spree
A major crypto whale has recently moved the market by purchasing a significant amount of altcoin ARB tokens. This strategic investor’s buying spree is attracting attention due to its scale and potential impact on the crypto market. Whale has surprising ARB buying habits.
A whale is buying $ARB!
The whale spent 2,000 $ETH ($3.27M) to buy 3.64M $ARB at an average price of $0.9 since Sept 3.
The whale spent 800 $ETH($1.47M) to buy 1.27M $ARB on Aug 13 but soon dumped on #Binance at a loss of ~$36K on Aug 16.https://t.co/0uohrf6PI3 pic.twitter.com/R6Zdjbtcje
— Lookonchain (@lookonchain) September 9, 2023
Accordingly, since September 3, this crypto whale spared no expense to collect ARB tokens. With a staggering 2,000 ETH pledge, which equates to around $3.27 million, it has raised 3.64 million altcoin ARB tokens. Particularly noteworthy is the average purchase price of $0.9 per token. This significant investment in ARB tokens demonstrates the whale’s confidence in the project. On the other hand, it makes it a fascinating development to consider in the crypto space.
A throwback to Whale’s previous move
However, it is important to note that this is not the whale’s first interaction with altcoin ARB tokens. On August 13, it allocated 800 ETH, equivalent to approximately $1.47 million, to purchase 1.27 million ARB tokens. Accordingly, the whale re-entered the ARB market. Unfortunately, their first venture took an unfortunate turn when they decided to part ways with their holdings on Binance.
Just three days after the purchase, there is one more move. Accordingly, on August 16, the whale made the difficult decision to sell the altcoin ARB on Binance. Accordingly, he made a loss of approximately 36,000 dollars. While this is a tough result, it shows the unpredictability of crypto markets. It also reminds you to be careful while navigating this area.
Whale’s movements: A crypto tale emerges
The whale’s intriguing journey in the altcoin ARB token world still continues. His recent mega buys and previous pullback on Binance paint a compelling picture of a crypto enthusiast navigating the ups and downs of the market. When we look at Kriptokoin.com, crypto enthusiasts and investors are looking at the whale’s steps with anticipation. On the other hand, future moves of the whale will undoubtedly be watched closely.
Will the whale altcoin continue to accumulate ARB tokens? Or will his strategy evolve in a different direction? Only time will tell as we follow this crypto whale’s remarkable journey. However, the fact that it turned to ARB shows that whales still keep this altcoin on their agenda.
