Cryptocurrency market maker company DWF Labs has reportedly purchased 16.2 million ARPA altcoins from Bella Foundation. 1 million USDT was spent for the transaction, which took place at a price of 0.06173 dollars per ARPA. Following the purchase, DWF Labs deposited all tokens to Binance.
At the time of writing this article, ARPA price is trading at $0.06453.
In another major market move, two sleeping whales identified by the short addresses 0x845 and 0xAB5 have resurfaced after nearly two years. They withdrew 665.655 million JASMY (equivalent to $5.36 million) from Coinbase in the last 6.5 hours at an average price of $0.008054.
These whales have been observed to withdraw a total of 1.22 billion JASMY from Coinbase in three cumulative waves since October 11, 2021. The average price of these transactions was $0.01679 and the estimated total cost was $20.54 million. It is estimated that these whales may be controlled by a single person.
At the time of this writing, JASMY price is trading at $0.01006 and has risen more than 35% during the day.
*This is not investment advice.