Crypto NewsAltcoinGiant Whale Takes Huge Loss on Altcoin, Losing Half Its Value Since...

Giant Whale Takes Huge Loss on Altcoin, Losing Half Its Value Since January: Yet It Bought More Today

When the cryptocurrency onchain data is examined, it is seen that a whale lost a large amount of money in a popular altcoin.

Follow Bitcoin Sistemi Google News Button

Experts from the cryptocurrency analysis platform Lookonchain have detected advanced whale activity in some altcoins in recent hours.

According to the statement made by analysts, a cryptocurrency whale bought $ 4.3 million Arbitrum (ARB) token hours ago. The last purchase was at an average price of $1.03. This whale has been involved in Arbitrum trading since July 18, 2023.

According to the data, the whale wallet had purchased a total of 39 million ARBs at an average price of $ 1.25, paying $ 49 million so far. However, this whale has sold 37.5 million ARBs on the Arbitrum trade so far at an average price of $1.2, making a total of $44.9 million.

So this whale actually lost more than $2 million from ARB trading.

Related News  The Fastest Altcoins of the Cryptocurrency World Has Been Determined: Here is the Ranking

The whale currently has 5.98 million ARB worth $6.15 million. At the time of this writing, the ARB price is trading at $1.03.

Arbitrum reached its all-time high, reaching $2.40 in January 2024. At the time of writing this article, it is trading at a level 57% lower than its all-time high price level.

*This is not investment advice.

Buradaki Yorumlardan Bildirim Al

Inline Feedbacks
View all comments

Popular Posts of the Week